STOCKS | Xun Ce Prices New H-Share Placement at HK$107.7, Issues RMB1.36B Zero-Coupon CB

Xun Ce (3317) said it will place new H shares and issue a RMB1.36 billion U.S. dollar-settled zero-coupon convertible bond due 2027, according to Ming Pao. The H-share placement price was set at HK$107.7, representing an about 13% discount to the previous day’s price. The company will place 7.283 million shares, with net proceeds of HK$771 million. The new shares represent about 2.2% of the enlarged share capital.