Pingduos proposed $875 million convertible bond will be reinvested in agricultural projects

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 Pingduos proposed $875 million convertible bond will be reinvested in agricultural projects


The information disclosed by Pingduoduo shows that the bond issue will be unsecured, and the bond will expire in October of 2024. In this issue, Pingduo has Issuer Call Option: Since October 1, 2002, if Pingduos share price reaches at least 130% of the convertible bonds effective convertible share price in any 20 trading days of 30 consecutive trading days, it can redeem all or part of the convertible bond by cash in many ways. Convertible bonds issued in this issue.

It is understood that the farm goods upstream project, based on a new system of demand side to promote circulation side and supply side changes. Through the distributed AI technology and commodity flow model, we can gather a large amount of demand in a short time, so as to quickly digest a large number of agricultural products in the current season.

In 2018, the total amount of agricultural (by-product) orders was 65.3 billion yuan, making it one of the largest upstream platforms for agricultural products in China. Pingduo said in many ways that the upstream scale of platform farming (by-products) is expected to exceed 120 billion yuan in 2019.

Pingduo manifests in many ways that it is the mission and responsibility of Pingduo to start with agricultural products and promote the modernization of more agricultural areas. Based on the existing scale and technological advantages, Pingduo will continue to invest capital and technology in agricultural industry, devote itself to providing modern agricultural solutions for every farmland covering production areas, and help tens of millions of farmers increase production and income. Previously, the second quarter earnings of Pingduo showed that the net cash flow generated by Pingduos business activities in the current quarter was 4.148 billion yuan, compared with 1.087 billion yuan in the same period last year. As of June 30, Pingduo had held cash, cash equivalents and restricted funds amounting to 40.7 billion yuan. By the end of the day, Pingduos share price was $33.82 and its market value was $39.311 billion. Since 2019, the cumulative increase of Pingduos stock price has exceeded 50%. Source: Wang Fengzhi, editor in charge of Netease Technology Report

Pingduo manifests in many ways that it is the mission and responsibility of Pingduo to start with agricultural products and promote the modernization of more agricultural areas. Based on the existing scale and technological advantages, Pingduo will continue to invest capital and technology in agricultural industry, devote itself to providing modern agricultural solutions for every farmland covering production areas, and help tens of millions of farmers increase production and income.

Previously, the second quarter earnings of Pingduo showed that the net cash flow generated by Pingduos business activities in the current quarter was 4.148 billion yuan, compared with 1.087 billion yuan in the same period last year. As of June 30, Pingduo had held cash, cash equivalents and restricted funds amounting to 40.7 billion yuan.

By the end of the day, Pingduos share price was $33.82 and its market value was $39.311 billion. Since 2019, the cumulative increase of Pingduos stock price has exceeded 50%. (Orange)