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JL MAG Rare-Earth Co., Ltd. Class H ( (HK:6680) ) just unveiled an update.
JL MAG Rare-Earth Co., Ltd. has announced the proposed issuance of U.S.$117.5 million in 1.75% guaranteed convertible bonds due in 2030. These bonds are convertible into H Shares at an initial conversion price of HK$21.38 per share, representing a premium over recent trading prices. The issuance is expected to raise approximately U.S.$115 million in net proceeds, which the company intends to use as detailed in their plans. This move could potentially enhance the company’s financial flexibility and market positioning.
More about JL MAG Rare-Earth Co., Ltd. Class H
JL MAG Rare-Earth Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China. The company operates in the rare-earth industry, focusing on the production and distribution of rare-earth materials, which are crucial for various high-tech applications.
Average Trading Volume: 12,580,458
Technical Sentiment Signal: Buy
Current Market Cap: HK$37.58B
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