Latest news with #ChowTaiFookJewelleryGroupLtd.
Fashion Network
4 days ago
- Business
- Fashion Network
Chow Tai Fook targets $1 billion via Hong Kong bond sale
By Bloomberg Chow Tai Fook Jewellery Group Ltd. is seeking to raise HK$7.85 billion ($1 billion) from the sale of bonds convertible into stock, according to terms of the deal seen by Bloomberg News. According to the terms, the bonds will mature around the end of June 2030. They will carry a coupon ranging from zero to 0.5%, payable semi-annually. The conversion premium is set between 35% and 45% above the reference price. The company is controlled by Hong Kong billionaire Henry Cheng's family, whose empire includes distressed developer New World Development Co. Chow Tai Fook will use proceeds from the offering to develop and finance its gold-jewellery business, upgrade stores and expand domestically and internationally, the terms show. UBS Group AG, the sole bookrunner of the deal, is proposing to conduct a share placement aimed at facilitating hedging for investors buying the bonds, according to the terms. As part of that placement, Chow Tai Fook will buy back as much as HK$1.57 billion of shares.
Fashion Network
4 days ago
- Business
- Fashion Network
Chow Tai Fook targets $1 billion via Hong Kong bond sale
Chow Tai Fook Jewellery Group Ltd. is seeking to raise HK$7.85 billion ($1 billion) from the sale of bonds convertible into stock, according to terms of the deal seen by Bloomberg News. According to the terms, the bonds will mature around the end of June 2030. They will carry a coupon ranging from zero to 0.5%, payable semi-annually. The conversion premium is set between 35% and 45% above the reference price. The company is controlled by Hong Kong billionaire Henry Cheng's family, whose empire includes distressed developer New World Development Co. Chow Tai Fook will use proceeds from the offering to develop and finance its gold-jewellery business, upgrade stores and expand domestically and internationally, the terms show. UBS Group AG, the sole bookrunner of the deal, is proposing to conduct a share placement aimed at facilitating hedging for investors buying the bonds, according to the terms. As part of that placement, Chow Tai Fook will buy back as much as HK$1.57 billion of shares.
Fashion Network
4 days ago
- Business
- Fashion Network
Chow Tai Fook targets $1 billion via Hong Kong bond sale
Chow Tai Fook Jewellery Group Ltd. is seeking to raise HK$7.85 billion ($1 billion) from the sale of bonds convertible into stock, according to terms of the deal seen by Bloomberg News. According to the terms, the bonds will mature around the end of June 2030. They will carry a coupon ranging from zero to 0.5%, payable semi-annually. The conversion premium is set between 35% and 45% above the reference price. The company is controlled by Hong Kong billionaire Henry Cheng's family, whose empire includes distressed developer New World Development Co. Chow Tai Fook will use proceeds from the offering to develop and finance its gold-jewellery business, upgrade stores and expand domestically and internationally, the terms show. UBS Group AG, the sole bookrunner of the deal, is proposing to conduct a share placement aimed at facilitating hedging for investors buying the bonds, according to the terms. As part of that placement, Chow Tai Fook will buy back as much as HK$1.57 billion of shares.
Fashion Network
4 days ago
- Business
- Fashion Network
Chow Tai Fook targets $1 billion via Hong Kong bond sale
Chow Tai Fook Jewellery Group Ltd. is seeking to raise HK$7.85 billion ($1 billion) from the sale of bonds convertible into stock, according to terms of the deal seen by Bloomberg News. According to the terms, the bonds will mature around the end of June 2030. They will carry a coupon ranging from zero to 0.5%, payable semi-annually. The conversion premium is set between 35% and 45% above the reference price. The company is controlled by Hong Kong billionaire Henry Cheng's family, whose empire includes distressed developer New World Development Co. Chow Tai Fook will use proceeds from the offering to develop and finance its gold-jewellery business, upgrade stores and expand domestically and internationally, the terms show. UBS Group AG, the sole bookrunner of the deal, is proposing to conduct a share placement aimed at facilitating hedging for investors buying the bonds, according to the terms. As part of that placement, Chow Tai Fook will buy back as much as HK$1.57 billion of shares.
Bloomberg
12-03-2025
- Business
- Bloomberg
Laopu's 1,600% Rally Illustrates Hong Kong's Frenzy Over IPOs
If there was any doubt IPO fever has returned to Hong Kong, look no further than Laopu Gold Co. 's rally of more than 1,600% since its listing less than a year ago. Its shares surged as much as 15% in Hong Kong trading on Wednesday before closing 3% higher. Now at $15 billion, the Beijing-based jeweler boasts a larger market value than Chow Tai Fook Jewellery Group Ltd. or Pandora A/S. That's despite the Chinese company, which specializes in making gold jewelry inspired by Buddhist themes, generating only a fraction of the revenue and profits that Chow Tai Fook or Pandora earn.
