---
title: "DINGYI GP INV plans to issue convertible bonds with a total principal amount of HKD 980 million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/251003155.md"
description: "DINGYI GP INV plans to issue convertible bonds with a total amount of HKD 980 million, with an initial conversion price of HKD 0.328 per share. If fully exercised, it will issue 2.988 billion shares, increasing the existing share capital by 351.23%. The subscription price for the bonds will be paid by offsetting the redemption amount of the 2018 convertible bonds. The company also proposes to increase the statutory share capital from HKD 200 million to HKD 500 million, which requires approval from a special shareholders' meeting"
datetime: "2025-07-31T12:35:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/251003155.md)
  - [en](https://longbridge.com/en/news/251003155.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/251003155.md)
---

# DINGYI GP INV plans to issue convertible bonds with a total principal amount of HKD 980 million

According to the announcement from DINGYI GP INV (00508), on July 31, 2025, the company entered into a subscription agreement with the subscriber, whereby the company conditionally agrees to issue and the subscriber conditionally agrees to subscribe for convertible bonds with a total principal amount of HKD 980 million, which can be converted into shares at an initial conversion price of HKD 0.328 per share.

Assuming the conversion rights attached to the convertible bonds are fully exercised at the initial conversion price of HKD 0.328 per share, the company will issue a total of 2.988 billion conversion shares, equivalent to approximately 351.23% of the company's existing issued share capital and approximately 77.84% of the company's issued share capital after the issuance of the conversion shares. The conversion shares will be allotted and issued according to the special authorization approved by independent shareholders at the special general meeting.

The subscription price of the convertible bonds totaling HKD 980 million will be paid by the subscriber through offsetting the equivalent redemption amount of HKD 980 million payable by the company to the subscriber for the redemption of the 2018 convertible bonds.

The company proposes to increase its authorized share capital from HKD 200 million (divided into 2 billion shares) to HKD 500 million (divided into 5 billion shares) by creating an additional 3 billion unissued shares. The increase in authorized share capital is subject to the approval of shareholders at the special general meeting through an ordinary resolution, and will take effect upon approval by the shareholders at the special general meeting

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