The Zhitong Finance App learned that Weimeng Group (02013) had the highest increase of nearly 9%. As of press release, it had risen 7.08% to HK$1.21, with a turnover of HK$54.3423 million.

According to the news, Weimeng Group recently announced that it plans to issue 85 million US dollars of convertible bonds while placing 277 million new shares to raise about 40 million US dollars. The total amount raised will reach 125 million US dollars. The capital raised will mainly be used to repurchase the remaining US$201 million convertible bonds due in 2026. It is worth mentioning that Tencent, as a strategic shareholder, also participated in this transaction. The company said that obtaining sufficient capital for long-term development through placement and the issuance of convertible bonds will inject momentum into the development of Weimeng Group's core business, which is expected to further enhance Weimeng Group's technical capabilities and overall market competitiveness, and optimize the capital structure; the repurchase of convertible bonds also reflects the company's confidence in long-term business prospects.

According to the company's previous announcement, Weimeng Group's business operations have maintained steady growth, cash flow continues to improve, and operating cash flow for the second half of 2023 has been positive. Benefiting from the growth of video channel advertising and the Group's continuous deep regional cultivation and multi-channel expansion, Weimeng's marketing business has maintained rapid growth. With the acceleration of commercialization of video channels, Weimeng's marketing business is expected to maintain rapid growth this year. Weimeng's international business is progressing smoothly, especially in the Middle East. There are already a number of projects to be signed, which are expected to become a new business growth point for the Group.