Vobile Group completes HK$1.6bn convertible bond issue

Vobile Group Limited announced the completion of its HK$1,600,000,000 zero-coupon convertible bonds due 2026. All conditions precedent under the Subscription Agreement were fulfilled, with completion and listing on the Vienna MTF occurring on September 29, 2025. The bonds were placed to at least six independent professional investors, all identified as Independent Third Parties of the company.

The net proceeds from the bond issue are estimated at approximately HK$1,566 million, representing a net issue price of HK$5.75 per New Share upon full conversion. Vobile intends to allocate 50% (approximately HK$783 million) of these proceeds to the development and investment of AIGC and RWA-related businesses.

Additionally, 30% (approximately HK$470 million) will be used to repay existing indebtedness, and 20% (approximately HK$313 million) will fund general working capital. The working capital allocation includes HK$163 million for expanding operations in Hong Kong and other regions, with the remaining HK$150 million designated for group overheads and general expenses.