The Zhitong Finance App learned that Weimeng Group (02013) rose by more than 7%, with an intraday high of HK$1.68, up more than 50% from the recent low of HK$1.1. As of press release, it rose 7.1% to HK$1.66, with a turnover of HK$70,123,000.
According to the news, Weimeng Group recently issued three announcements. All conditions under the IPO agreement have been met, and the company has successfully completed the placement, with a net proceeds of about HK$308 million; in addition, Weimeng has successfully issued 85 million US dollars of convertible bonds. The above two have raised a total of US$125 million. Meanwhile, Weimou completed the repurchase of $300 million zero-interest guaranteed convertible bonds due in 2026.
According to reports, by completing capital raising and repurchasing convertible bonds, Weimeng Group can not only effectively reduce its balance ratio and current liabilities, but this move is also conducive to boosting investor confidence, supporting the company's long-term steady development, and significantly improving the Group's capital structure. Furthermore, completing the repurchase of convertible bonds will also help Weimeng optimize its debt structure. Industry analysts pointed out that in the context of the capital market becoming more cautious about SaaS vendors, Weimong successfully completed financing and the strategic shareholder Tencent also participated in the transaction. This is a striking and positive sign.