Envision Greenwise Holdings Ltd. plans to raise approximately HK$1.1 billion through a dual fundraising package consisting of a vendor top-up share placement and a convertible bond offering, according to a Hong Kong Exchange filing dated August 10, 2026.
Share Placement and Convertible Bond Details
According to a financial press release distributed via EQS News, the fundraising structure combines an equity placement with a debt offering. The vendor placement involves roughly 117.9 million existing shares alongside a matching top-up subscription of new shares priced at HK$4.66 each. This placement price reflects a 10.56% discount compared to the stock’s closing price of HK$5.21 on the final trading day prior to the filing. Upon completion of the transaction, the newly issued top-up shares will represent 3.92% of the company’s enlarged issued share capital.
Concurrently, a wholly-owned subsidiary of Envision Greenwise will issue RMB472 million in guaranteed convertible bonds settled in US dollars. These bonds mature on August 18, 2027, and carry an annual coupon rate of 5%. The initial conversion price is set at HK$5.22 per share, representing a 0.19% premium over the latest closing price, per market filings.
Deployment of Proceeds and MiniMax Partnership
Envision Greenwise intends to allocate 90% of the total net proceeds to fund a previously announced acquisition of a cloud computing and data center services provider in China. The remaining 10% will serve as working capital to support daily operations and broader business expansion.
Advisors and Financial Institutions
Several major financial institutions are managing the transactions. According to filing details, Macquarie Capital, Deutsche Bank AG Hong Kong Branch, and BOCI Asia Limited are serving in various coordinating, bookrunning, lead-management, and placing-agent capacities.
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