XTEP INT'L, a leading sportswear company in China, saw its shares plummet 5.60% on Monday during the intraday trading session.
The stock price decline came after the company announced a proposed financing plan involving the issuance of HK$500 million 1.5% convertible bonds due 2026 and the placement of 90.9 million new shares at a price of HK$5.50 per share.
The dilutive effect of the proposed financing plan, which could potentially reduce existing shareholders' stakes, is believed to be the primary reason behind the stock's plunge. Investors often view such financing activities as negative signals, leading to selling pressure on the company's shares.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。