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BNP Paribas Securities (Asia) Limited Issues Hong Kong Warrants for Xiaomi Corporation, HSBC Holdings plc, and Tencent Holdings Limited

Strategic Insights

— 1 min read

BNP Paribas Securities (Asia) Limited has announced the issuance of four new warrant series for Hong Kong-listed companies. The warrants have varying issue sizes, strike prices, and entitlements, with the maximum number of shares to which the warrants relate ranging from 8,000,000 to 800,000. These warrants provide investors with a means to speculate on the performance of Xiaomi Corporation, HSBC Holdings plc, and Tencent Holdings Limited.

Key Takeaways:

  • The warrants are issued by BNP Paribas Securities (Asia) Limited for Xiaomi Corporation (25866), HSBC Holdings plc (25867), and Tencent Holdings Limited (25869).
  • The issue sizes of the warrants are 80,000,000 for Xiaomi, 40,000,000 for HSBC, and 80,000,000 for Tencent.
  • The strike prices for the warrants are 26.80 for Xiaomi, 25.00 for HSBC, and 40.00 for Tencent.
  • The entitlement for all series is 1 Share, with varying numbers of warrants per entitlement (10 for Xiaomi, 5 for Tencent, and 10 for HSBC).
  • The maximum number of shares to which the warrants relate is 8,000,000 for Xiaomi and HSBC, and 800,000 for Tencent.

Statistics:

  • Issue size of Xiaomi warrants: 80,000,000
  • Issue size of HSBC warrants: 40,000,000
  • Issue size of Tencent warrants: 80,000,000
  • Strike price of Xiaomi warrants: 26.80
  • Strike price of HSBC warrants: 25.00
  • Strike price of Tencent warrants: 40.00

Sources:

  • PRESS RELEASE BY BNP PARIBAS SECURITIES (ASIA) LIMITED, available at https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0828/2020082800501.pdf

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