MMG (HKEX: 01208) has announced the successful completion of its issuance of convertible bonds due in 2027. All conditions precedent under the subscription agreement have been satisfied, and the issuance of bonds with an aggregate principal amount of US$800 million was finalized on June 23, 2026.
The net proceeds from the bond offering, after deducting commissions and other estimated expenses, amount to approximately US$813 million.
The company has applied for the listing of the bonds on the Vienna MTF operated by the Vienna Stock Exchange. Trading of the bonds on the Vienna MTF is expected to commence on June 24, 2026.
MMG has also received approval from The Stock Exchange of Hong Kong Limited for the listing of and permission to deal in the shares to be issued upon conversion of the bonds.