On November 18, Agile Group Holdings Co., Ltd. (hereinafter referred to as "Agile") and Yalife Smart City Service Co., Ltd. (hereinafter referred to as "Alife") jointly issued an announcement stating that they have conditionally agreed to issue a total principal amount of HK$2,418,000,000. Bonds.
Based on the initial exchange price of HK$27.48 per share of Ya Life and assuming full exchange of the bonds at the exchange price, the bonds will be exchanged for 87,991,267 shares of Ya Life, which is equivalent to the existing issued share capital of Ya Life on the date of the joint announcement and after the bonds are fully exchanged About 6.2%.
According to the announcement, if all bonds are exchanged and no shares of Xinya Life are issued before the exchange, it is expected that as Agile Group still owns approximately 48% of the total issued share capital of Yajule, the overall net change in the ownership interest of Yalife will not result in loss Control over Ya Life, and Ya Life’s financial performance will continue to be merged into the financial performance of Agile Group.
The announcement also pointed out that the bond has a 5-year maturity date of November 24, 2026; the annual interest rate is 7.00%, and it must be on May 24 and November 24 every six months from May 24, 2022. Pay once.
The exchangeable bonds that Agile intends to issue this time are of milestone significance.
Industry analysts pointed out that the equity and debt linkage products of the parent and child dual listed companies issued by Agile this time have been raised in the public capital market in a way that does not affect the company's control rights, and is relatively rare in the mainland real estate industry.
The subscription for this issuance was enthusiastic, and many large international long-term funds actively participated, which also reflected the market’s affirmation of Agile’s long-term and stable operation.