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21217 UBTENCT@EC2106B (CALL)
RT Nominal unchange0.010 0.000 (0.000%)

20/04/2021 09:55

Meituan (03690) to issue bonds & place shares

[ET Net News Agency, 19 April 2021] Meituan (03690) said the company has agreed to
issue the 2027 Bonds and 2028 Bonds. The initial 2027 CB conversion price and the initial
2028 CB conversion price will be HK$431.24 per share. The estimated net proceeds from the
issue of the 2027 Bonds and the 2028 Bonds amount to approximately US$1,485.7 million and
US$1,485.8 million, respectively.
Also, it has agreed to place shares to Tencent and other parties at the placing price of
HK$273.80 for each placing share. The estimated net proceeds from the issue of the
subscription amount to approximately US$6.6 billion.
The company intends to use the estimated net proceeds of the 2027 Bonds, the 2028 Bonds,
the Subscription and the Tencent Subscription for technology innovations, including the
research and development of autonomous delivery vehicles, drones delivery, and other
cutting-edge technology, and general corporate purposes. (RC)

Remark: Real time quote last updated: 11/05/2021 17:59
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