asiangames2023qatar| Weimeng Group rose nearly 8% in late trading and plans to issue US$85 million in convertible bonds

Weimeng Group (02013) rose 7.5 percent in late tradingasiangames2023qatar.97%asiangames2023qatar, currently quoted at HK$1.22, with a turnover of HK$59.63276 million.

Weimeng Group recently announced that it plans to issue US$85 million in convertible bonds and place 277 million new shares to raise approximately US$40 million, bringing the total amount raised to US$125 million. The funds raised will be mainly used to repurchase the remaining US$201 million convertible bonds due in 2026.