GF SEC Drops 5% Following Announcement of Share Placement and Convertible Bond Issuance to Generate $6.1B Net.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 07 2026
0mins
Source: aastocks
Stock Performance: GF SEC (01776.HK) opened 1.21% lower, reaching a low of HK$18.75, and is currently down 5.1% at HK$18.8 with significant trading volume.
H Share Placement: The company announced a placement of 219 million new H shares at HK$18.15 each, aiming to raise approximately HK$3.959 billion, which is an 8.38% discount from the previous closing price.
Bond Issuance: GF SEC plans to issue bonds worth HK$2.15 billion, with a conversion price of HK$19.82 per H share, expected to generate around HK$2.154 billion in net proceeds.
Use of Proceeds: The funds from both the share placement and bond issuance will be directed towards capital injections into offshore subsidiaries to enhance the Group’s international business development.
Analyst Views on 01776
Wall Street analysts forecast 01776 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 01776 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 17.890
Low
Averages
High
Current: 17.890
Low
Averages
High
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
