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Huatai Securities Co ( (HK:6886) ) has issued an announcement.
Huatai Securities has completed the issuance of zero-coupon convertible bonds due 2027 under its general mandate, raising HK$10 billion in aggregate principal amount. The bonds carry an initial conversion price of HK$19.70 per H share, implying potential issuance of about 507.6 million new H shares upon full conversion and signalling a significant potential equity dilution.
The company has secured approval for listing the conversion shares on the Hong Kong Stock Exchange and for listing the bonds on the Vienna MTF, broadening its investor base across markets. Huatai will also complete required filings with the China Securities Regulatory Commission, underscoring regulatory compliance as it strengthens its capital structure and funding flexibility.
The most recent analyst rating on (HK:6886) stock is a Buy with a HK$19.50 price target. To see the full list of analyst forecasts on Huatai Securities Co stock, see the HK:6886 Stock Forecast page.
More about Huatai Securities Co
Huatai Securities Co., a joint stock company incorporated in the People’s Republic of China and listed in Hong Kong, operates as a securities firm providing brokerage, investment banking and related financial services. The company targets domestic and international capital markets, using its Hong Kong listing vehicle HTSC to access global institutional investors.
Average Trading Volume: 12,053,283
Technical Sentiment Signal: Buy
Current Market Cap: HK$210.8B
Learn more about 6886 stock on TipRanks’ Stock Analysis page.