VOBILE GROUP to Launch HKD1.6B Zero-Coupon Convertible Bonds at 15.1% Premium
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 23 2025
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Source: aastocks
Convertible Bonds Issuance: Vobile Group announced a plan to issue HKD1.6 billion zero-coupon convertible bonds due in 2026, with an initial conversion price set at HKD5.87 per share, representing a 15.1% premium over the previous closing price.
Share Capital Impact: The bonds can be converted into approximately 273 million shares, which would account for about 9.84% of the enlarged share capital, with net proceeds from the issuance estimated at around HKD1.566 billion.
Analyst Views on 03738
Wall Street analysts forecast 03738 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 03738 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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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.
