GF SEC Offers Over 8% Discount in Share Placement, Raising Net Funds Exceeding $3.9B; Additionally Issues Over $2.1B in Convertible Bonds
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 07 2026
0mins
Source: aastocks
Share Placement Announcement: GF SEC announced the placement of 219 million new H shares at HK$18.15 per share, raising approximately HK$3.959 billion, representing an 8.38% discount to the previous closing price.
Bond Issuance Details: The company proposed to issue bonds worth HK$2.15 billion, maturing on January 12, 2027, with an initial conversion price of HK$19.82 per H share, expected to raise around HK$2.154 billion.
Use of Proceeds: The funds from both the share placement and bond issuance will be used for capital injections into offshore subsidiaries to support the company's international business development.
Market Activity: The stock experienced a short selling of $93.78 million, with a short selling ratio of 26.082%.
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.
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Current: 17.890
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Current: 17.890
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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.
