FilingReader Intelligence

Hope Education settles convertible bonds in revised rights issue

July 30, 2025 at 05:02 PM UTC•By FilingReader AI

Hope Education Group terminated its original rights issue proposal from 10 July 2025 following shareholder concerns over dilution. The company launched a new proposal offering one rights share for every twelve existing shares at HK$0.2 on a non-underwritten basis.

The group simultaneously settled US$271,100,000 in outstanding convertible bonds due 2026 through early redemption following electronic consent from bondholders.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

Primary Source Document

Execution and delivery of the Amendment Documents in relation to the outstanding zero coupon guaranteed convertible bonds due 2026July 30, 2025 at 11:44 AM UTC

Supplementary Source Documents

(I) TERMINATION OF THE RIGHTS ISSUE PROPOSED ON 10 JULY 2025; AND (II) REVISED PROPOSED RIGHTS ISSUE ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY TWELVE (12) EXISTING SHARES HELD ON THE RECORD DATE ON A NON-UNDERWRITTEN BASIS WITHOUT THE NEED FOR THE WHITEWASH WAIVERJuly 30, 2025 at 02:00 PM UTC

Hope Education Group

HKEX:1765•Hong Kong Exchange

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