Envision Greenwise drops most in 5 weeks on discounted share sale, bonds issue

Envision Greenwise Holdings

11/08/2026 04:33

** Envision Greenwise Holdings' 1783.HK shares drop 9.2% to HK$4.73, on course for the biggest one-day pct fall since July 6
** Charging infrastructure construction and installation group hits lowest point since August 5 
** To raise HK$1.098 billion ($139.96 million) to fund acquisition of a cloud computing and data centre services provider in China and for working capital
** Plans sale of 117.92 mln new shares in a top-up placement of shares to a key shareholder at HK$4.66 apiece, representing 10.56% discount to Monday's close
** Plans to issue 472 million yuan ($69.99 million) worth of 5% guaranteed convertible bonds due 2027   
** YTD, Hong Kong stock up 51.9%, benchmark Hang Seng Index .HSI up 0.7%
($1 = 7.8452 Hong Kong dollars)
($1 = 6.7441 Chinese yuan renminbi)

(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))