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GF Securities Co ( (HK:1776) ) has issued an announcement.
GF Securities has completed a placing of 219 million new H shares under its general mandate at HK$18.15 per share to at least six investors, bolstering its Hong Kong-listed share capital and raising additional equity funding. Concurrently, the company has finalized the issuance of zero-coupon convertible bonds due 2027 with an aggregate principal amount of HK$2.15 billion, convertible into approximately 108.5 million H shares at an initial conversion price of HK$19.82, with approvals secured for listing the new shares and bonds in Hong Kong and on Vienna MTF and plans to complete required CSRC filings, moves that collectively strengthen its capital base and potentially broaden its investor base.
The most recent analyst rating on (HK:1776) stock is a Buy with a HK$21.54 price target. To see the full list of analyst forecasts on GF Securities Co stock, see the HK:1776 Stock Forecast page.
More about GF Securities Co
GF Securities Co., Ltd. is a PRC-incorporated joint stock company listed in Hong Kong that operates in the securities and financial services industry. The firm focuses on investment banking, brokerage, asset management and related capital markets activities, serving institutional and retail investors in mainland China and the Hong Kong market.
Average Trading Volume: 11,974,298
Current Market Cap: HK$181.3B
Find detailed analytics on 1776 stock on TipRanks’ Stock Analysis page.