Newsletter summary
May 3Beercade, Central Asia Valley Group (00063BeercadeHK) announce the issuance of 100 million new shares to meet 3Beercade.6% convertible bondsBeercadeThe principal amount of the bond is about HK $353 million and the maturity date is 2029.
Text of news flash
[central Asia Valley Group issues 100 million new shares to replenish capital] Central Asia Valley Group (00063.HK) announced on May 3 that the Company has issued 100 million new shares by exercising the conversion rights attached to the company's 3.6% convertible bonds with a principal of HK $353 million due in 2029. The move will not only bring in new investors for the company, but also bring more financial support to the company. According to the announcement, the price of the new shares issued this time is the same as the company's current market price, reflecting the market's confidence in the company's future development.
This new share offering will help the company to expand its production scale, optimize its financial structure and enhance its market competitiveness. At the same time, the addition of new shareholders will bring more strategic resources and market information to the company, which is expected to promote the further expansion of the company's business.
According to industry analysts, the new share issue will have a positive impact on the company's share price as it helps to increase the company's market capitalization and reduce financial pressure. At the same time, the addition of new shareholders will also bring new investment opportunities for the company, which is expected to promote the sustained growth of the company's performance.
The Central Asia Valley Group said that it will strive to achieve the company's long-term strategic goals and create greater value for shareholders by constantly optimizing the corporate governance structure, expanding the scale of business and improving profitability.