Zoomlion Completes Issuance of 6 Billion Yuan Convertible Bonds Due 2031

Stock News
Feb 05

Zoomlion Heavy Industry Science And Technology Co.,Ltd. has announced that all conditions precedent under the subscription agreement have been satisfied. The issuance of USD-settled convertible bonds with a total principal amount of 6 billion yuan (equivalent to approximately 6.745 billion Hong Kong dollars at a fixed exchange rate) was completed on February 5, 2026. The net proceeds from the bond issuance, after deducting fees, commissions, and certain other offering expenses, amount to approximately 5.942 billion yuan (equivalent to about 6.68 billion Hong Kong dollars). The company will utilize the net proceeds in accordance with the methods disclosed in the announcements. Approval for the listing and trading of the convertible bonds on the Stock Exchange of Hong Kong is expected to take effect on February 6, 2026. The company has also obtained approval for the listing of the shares resulting from the conversion on the exchange.

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