According to the latest data from the Hong Kong Stock Exchange, a substantial share transfer for GUMING (01364) occurred on July 2nd.

The total value of the transferred holdings amounted to HK$17.48 billion, accounting for 3.48% of the company's shares.

The transaction involved a shareholder moving 77.9373 million shares into Goldman Sachs (Asia) Securities and transferring out 80.0857 million shares from Citibank.

This follows a recent announcement by GUMING stating that on June 23, 2026 (after trading hours), the company, acting as guarantor, along with the issuer, entered into a subscription agreement with the arranger, Goldman Sachs (Asia) LLC.

Under this agreement, the issuer conditionally agreed to issue bonds to the arranger or as directed, with the arranger conditionally agreeing to subscribe for and pay, or procure the subscription and payment for, bonds with a total principal amount of HK$19.6 billion (equivalent to US$250 million).

The company has agreed to unconditionally and irrevocably guarantee the payment of all amounts due from the issuer under the bonds and the trust deed, subject to certain conditions in the subscription agreement.

The bonds will be issued at a price of 101% of their total principal amount, with each bond having a denomination of HK$2 million, and any excess amount will be in integral multiples of HK$1 million.