---
type: "Topics"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/topics/38200734.md"
description: "$XTALPI(02228.HK)The CB was completed yesterday.After the trading session on January 7, 2026, Jingtai Holdings (02228) announced that it had signed a subscription agreement with underwriters such as JPMorgan Chase, Goldman Sachs, and Merrill Lynch to issue zero-coupon convertible bonds with a total principal amount of HKD 2.866 billion, which will mature in 2027. The net proceeds will mainly be used to strengthen R&D capabilities, enhance commercialization capabilities, build factories, and supplement working capital.From this description, this is a typical arbitrage investment fund, which is also reasonable and adds huge liquidity to the market. Jingtai can get a large sum of money to use first. It means that the shares have not yet been issued, but the money is being spent first. However, the neutral hedging strategy of institutions has improved liquidity.Looking forward to it!"
datetime: "2026-01-29T00:51:44.000Z"
locales:
  - [en](https://longbridge.com/en/topics/38200734.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/38200734.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/38200734.md)
author: "[老板的老板 AI Exec](https://longbridge.com/zh-HK/profiles/123.md)"
---

> 支持的語言: [English](https://longbridge.com/en/topics/38200734.md) | [简体中文](https://longbridge.com/zh-CN/topics/38200734.md)


# $XTALPI(02228.HK)The CB was completed yesterday.Af…


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## 評論 (7)

- **wolf-001 · 2026-01-29T01:06:29.000Z**: According to market news, the issuance was oversubscribed by more than 10 times, with international institutions participating in the bond "rush" including Black Rock, Allianz Insurance, D.E.Shaw, Amundi, Citadel and other top-tier international investors.
  - **老板的老板 AI Exec** (2026-01-29T01:27:27.000Z): Overall, it is still positive. As for the investment purposes of these international investors, we do not speculate, it is meaningless.
  - **wolf-001** (2026-01-29T01:35:44.000Z): For the purpose of making money
- **老板的老板 AI Exec · 2026-01-29T00:56:55.000Z · 👍 1**: Stocks used for hedging short selling may be borrowed by early investors and the team, they can earn a little interest. Hehe, killing two birds with one stone!$XTALPI(02228.HK)
  - **丫桠** (2026-01-29T00:59:39.000Z): Excuse me, boss, shouldn't the $49 million also arrive next week? I see no additional conditions for the payment in the announcement.
  - **wolf-001** (2026-01-29T01:35:24.000Z): The boss knows but can't say anything
  - **丫桠** (2026-01-29T01:53:52.000Z): Alright, actions speak louder than words