Wanguo Gold to launch $701 mln convertible bond issue for overseas asset acquisitions

Wanguo Gold

19/08/2026 02:28

Aug 19 (Reuters) - Hong Kong-listed miner Wanguo Gold Group 3939.HK said on Wednesday it had agreed to issue HK$5.50 billion ($701.18 million) worth of 0.75% convertible bonds maturing in 2027 to buy overseas gold mining assets.

Here are more details:
Wanguo said it had entered into a subscription agreement with UBS AG Hong Kong Branch as sole manager for the issuance. 
The initial conversion price is HK$15.62 per share, a premium of 20.2% to the stock's last close on Tuesday.
If fully converted at the initial price, the bonds would convert into a maximum of 352.1 million new shares, representing 8.00% of Wanguo Gold's current share capital, or 7.40% of the enlarged share capital.
The company intends to list the bonds on the Vienna MTF, operated by the Vienna Stock Exchange.


($1 = 7.8439 Hong Kong dollars)

 (Reporting by Shruti Agarwal in Bengaluru; Editing by Subhranshu Sahu)
 ((Shruti.Agarwal@thomsonreuters.com;))