Brief: Kingsoft Corp Announces Proposed Issue Of Hk$3.1 Bln 0.625% Convertible Bonds Due 2025
24/04/2020 24:25
April 24 (Reuters) - Kingsoft Corp Ltd 3888.HK :
* KINGSOFT CORP ANNOUNCES PROPOSED ISSUE OF HK$3.1 BILLION
0.625%
CONVERTIBLE BONDS DUE 2025
* BONDS MAY BE CONVERTED INTO CONVERSION SHARES AT INITIAL
CONVERSION PRICE HK$35.7637/SHARE
* NET PROCEEDS FROM BONDS SUBSCRIPTION ESTIMATED ABOUT
HK$3,033.65
MILLION
Source text for Eikon: urn:newsml:reuters.com:*:nHKS5tzTyB
Further company coverage: 3888.HK
((Reuters.Briefs@thomsonreuters.com;))
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