Kingsoft raises $400m from quiet CB market

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Kingsoft raises $400m from quiet CB market

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Hands giving money US dollars on blue background | Iulia Nemchinova MF/millaf - stock.adobe.com

Chinese software company Kingsoft Corp bagged HK$3.1bn ($399.9m) on Thursday from a five year convertible bond. It was the first equity-linked trade in Hong Kong since the coronavirus outbreak in January.

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