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An update from Meitu ( (HK:1357) ) is now available.
Meitu has completed the issuance of US$250 million in convertible bonds under its general mandate, with closing taking place on 31 December 2025 and the bonds fully subscribed by a single investor referred to as the Subscriber. In tandem, Meitu and the Subscriber have signed a business cooperation framework covering a range of commercial collaboration areas, with detailed implementation agreements to follow and transaction amounts to be calculated from the dates of those specific contracts, signalling a deeper strategic relationship beyond financing. The company plans to deploy the roughly US$249.6 million in net proceeds for general business purposes, while the fair value of the bonds at closing is expected to exceed their principal by an estimated US$69 million to US$77 million; this excess will be booked as a one-off, non-cash share-based compensation expense under IFRS 2, affecting reported earnings but not cash flow. Upon full conversion of the bonds at HK$6.00 per share, the Subscriber would own about 6.82% of Meitu’s enlarged share capital, diluting existing shareholders but strengthening the company’s capital base and potentially bolstering its strategic positioning through the new cooperation arrangements.
The most recent analyst rating on (HK:1357) stock is a Buy with a HK$14.10 price target. To see the full list of analyst forecasts on Meitu stock, see the HK:1357 Stock Forecast page.
More about Meitu
Meitu, Inc. is a Hong Kong–listed technology company best known for its imaging and photo-editing apps and related digital services. The group operates primarily in the consumer internet and mobile software space, focusing on image processing, social media, and associated monetisation models in Mainland China and international markets.
Average Trading Volume: 47,093,913
Technical Sentiment Signal: Buy
Current Market Cap: HK$32.42B
See more data about 1357 stock on TipRanks’ Stock Analysis page.