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U.S. President Donald Trump announced plans to notify countries of reciprocal tariff rates. The HKD hit the weak-side convertibility undertaking again, prompting the Hong Kong Monetary Authority (HKMA) to buy the HKD in an amount of over HKD29.6 billion. Hong Kong stocks opened lower, with the HSI down 169 points or 0.7% at 23,9...
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22
BABA-W (09988.HK) (BABA.US) announced the issuance of over $12 billion worth of zero coupon convertible bonds (CB) exchangeable into shares of ALI HEALTH (00241.HK), with an initial conversion price equivalent to $6.23 per ALI HEALTH share, a premium of 37.8% to its closing price yesterday (3 July).The terms of this deal are sim...
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18
Positive
28
Negative
29
After opening down 4.9%, ALI HEALTH (00241.HK) continued to extend its slide. It last traded at HKD4.2, down 7.08%, with a volume of about 120 million shares, involving HKD506 million. BABA-W (09988.HK) also fell by 2.07% to HKD104.BABA-W announced after the market closed yesterday that it intends to issue zero-coupon exchangeab...
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49
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97
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54
BABA-W (09988.HK) announced the pricing of the issuance of HKD12.023 billion zero coupon exchangeable bonds due 2032 by reference to the ordinary shares of ALI HEALTH (00241.HK) that are listed on the Hong Kong Stock Exchange.Bondholders may exchange all or any portion of the bonds for ALI HEALTH shares at an initial exchange ra...
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Positive
69
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55
BABA-W (09988.HK) announced that it proposed exchangeable bond offering by reference to the ordinary shares of ALI HEALTH (00241.HK) that are listed on the Hong Kong Stock Exchange. The Company proposed to issue approximately HK$12 billion aggregate principal amount of Zero Coupon Exchangeable Bonds due 2032, subject to market a...
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