SEHK:1378Metals and Mining
China Hongqiao Group (SEHK:1378) Is Down 10.0% After Major Equity Raise to Fund Expansion Plans – Has the Bull Case Changed?
Earlier this week, China Hongqiao Group completed a follow-on equity offering, raising approximately HK$11.68 billion through the placement of 400 million new ordinary shares to its controlling shareholder at HK$29.20 per share.
This capital raise marks a significant effort to fund project development, pay down debt, and strengthen the company’s balance sheet for both domestic and overseas expansion.
We’ll explore how this large-scale capital raise and direct placement to the controlling...