Minmetals Resources (01208) discounted approximately 8.8% of its shares, raised a net amount of HK$6.253 billion and issued convertible bonds with a principal amount of US$800 million

Zhitong Finance App News, Minmetals Resources (01208) announced that on June 16, 2026, the company signed a placement agreement with the placement agent to issue approximately 706 million shares through the placement agent. The placement price is HK$8.88, which is about 8.8% off the closing price of HK$9.74 per share on June 15, 2026. The net raise from the placement is approximately HK$6.253 billion. It is intended to refinance existing loans, support existing project development and expansion plans, fund strategic acquisitions and investments, and supplement working capital and general corporate purposes.

On June 15, 2026, the company (as the issuer) signed a subscription agreement with the manager. According to this, the company agreed to issue bonds with a total principal amount of US$800 million. The bond issue price will be 102% of the principal amount of the bond. The initial conversion price of the shares will be HK$10.21 per share, which is a 4.8% premium over the closing price of HK$9.74 per share on June 15, 2026. After completing the bond issuance, the net amount of approximately US$813 million will be used to refinance existing loans, support the development and expansion plans of existing projects, fund strategic acquisitions and investments, and supplement working capital and general corporate purposes.