DTXS SILK ROAD (00620) Plans to Issue Convertible Bonds Worth Up to HKD 323 Million

Stock News

Oct 17

DTXS SILK ROAD (00620) announced that on October 17, 2025, the company entered into a placement agreement with a placement agent to issue convertible bonds with a maximum principal amount of HKD 323 million. The bonds will carry an annual interest rate of 3.85%, with an initial conversion price set at HKD 0.95 per share, representing a premium of approximately 5.56% compared to the closing share price of HKD 0.900 on October 17, 2025. If the placement agent successfully places all the convertible bonds, the estimated net proceeds will be around HKD 310 million, with approximately 80% earmarked for the renovation of shopping center projects and related property developments, and 20% allocated for the company's operational funding to cover daily operational expenses.

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The bonds will carry an annual interest rate of 3.85%, with an initial conversion price set at HKD 0.95 per share, representing a premium of approximately 5.56% compared to the closing share price of HKD 0.900 on October 17, 2025. If the placement agent successfully places all the convertible bonds, the estimated net proceeds will be around HKD 310 million, with approximately 80% earmarked for the renovation of shopping center projects and related property developments, and 20% allocated for the company's operational funding to cover daily operational expenses.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00620","symbol_name":"大唐西市","start_time":0,"source_url":"","article_id":"1186130706","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1186130706","pubTimestamp":1760713569,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"DTXS SILK ROAD (00620) announced that on October 17, 2025, the company entered into a placement agreement with a placement agent to issue convertible bonds with a maximum principal amount of HKD 323...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00620":"大唐西市","BK1181":"经销商"},"translate_title":"DTXS丝路(00620)拟发行最高3.23亿港元可换股债券","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00620":1},"content_text":"DTXS SILK ROAD (00620) announced that on October 17, 2025, the company entered into a placement agreement with a placement agent to issue convertible bonds with a maximum principal amount of HKD 323 million. 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