HLB to raise US$25.2M via convertible bond placement

What's the deal? HLB GroupDealroom has a profile for this one. Try Dealroom → will raise US$25.2M through a private placement of convertible bonds, the company announced on August 5, 2026. BNK SecuritiesDealroom has a profile for this one. Try Dealroom → is the lead investor at US$20.5M, joined by Cactus Oasis Fund No. 3 (US$3.35M) and Jin Yang-gon (US$838.4K).

The structure: The Series 44 unsecured bonds carry a 1% coupon and a 4% maturity rate, and mature on August 19, 2029. They are 100% convertible into 899,253 shares at a fixed price of US$28, with conversion available from August 19, 2027 to July 19, 2029.

Why now? The placement has already been approved by shareholders and is expected to close on August 19, 2026. The bonds are subject to a hold period.

The signal: Convertible bonds give companies fresh capital without immediately diluting shareholders, deferring that dilution until conversion. For HLB Group, the deal locks in financing at a low 1% coupon while tying investor upside to future share performance.

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