MMG Seeks $500 Million via Debt Offering; Shares Up 9%

MT Newswires Live
2025/09/30

MMG (HKG:1208) announced plans to raise $500 million via a debt offering, according to a Hong Kong bourse filing Tuesday.

The mining company is looking to raise funds via the issue of zero-coupon convertible bonds due Oct. 8, 2030.

The bonds convert at an initial conversion price of HK$8.40 per share for a total of 463,113,095 shares.

The stocks represent around 3.81% of the company's issued share capital, and 3.67% on an enlarged basis.

Merrill Lynch (Asia Pacific) and CLSA are serving as managers for the bond offering.

Shares of the company rose 9% Tuesday morning in Hong Kong.

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