HTSC (06886) announced its intention to issue zero-coupon convertible bonds with a total principal amount of HK$10 billion, maturing in 2027. The bonds are convertible into H-shares under the terms and conditions, with an initial conversion price set at HK$19.70 per H-share (subject to adjustment). Upon successful completion of the bond issuance, the net proceeds are estimated to be approximately HK$9.9247 billion. The company plans to utilize the net proceeds from the bond issuance to support the development of its overseas operations and to supplement other working capital requirements.