Guming (01364.HK): Completes HK$1.96 Billion Zero-Coupon Guaranteed Convertible Bond Offering

NewTimeSpace · 2026/07/02 22:03 · By Xuran Lin

Guming Holdings completed the issuance of HK$1.96 billion zero-coupon guaranteed convertible bonds on July 2, 2026, and will seek listing on the Vienna Stock Exchange. The net proceeds of approximately HK$1.9625 billion will be allocated with roughly 40% for share repurchases, 30% for debt repayment, 20% for raw materials and equipment procurement, and 10% for R&D and overseas expansion, to be fully utilized by June 30, 2027.

Guming Holdings Limited (01364.HK) announced that all conditions precedent to the issuance of bonds under the subscription agreement have been fulfilled, and the subscription and issuance of bonds with an aggregate principal amount of HK$1.96 billion were completed on July 2, 2026. The company will apply to the Vienna Stock Exchange for the listing of the convertible bonds, and approval has been obtained for the listing and trading of the conversion shares on the Hong Kong Stock Exchange.

The group intends to use the net proceeds from the bond offering (approximately HK$1.9625 billion) for: (i) approximately 20% (approx. HK$392.5 million) for procurement of raw materials such as fresh fruit, juice, and coffee beans, and equipment such as coffee machines in China and overseas; (ii) optimizing capital structure, including approximately 30% (approx. HK$588.8 million) for repayment of existing interest-bearing bank borrowings and other borrowings, and approximately 40% (approx. HK$785 million) for share repurchases (including funding the concurrent share repurchase); (iii) approximately 5% (approx. HK$98.1 million) for R&D investment to strengthen technology and enhance digitalization of business management and store operations; and (iv) approximately 5% (approx. HK$98.1 million) for overseas expansion and general corporate purposes.

The group expects that the net proceeds will be fully utilized by June 30, 2027.

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