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Best Food Holding Co. Ltd. ( (HK:1488) ) has issued an update.
Best Food Holding Co. Ltd. has announced an extension of the maturity date for its convertible bond with Sonic Tycoon, a controlling shareholder, by 25 months to December 2027. This extension, which maintains all other terms of the bond, is classified as a connected transaction under Hong Kong’s Listing Rules and requires approval from independent shareholders. The extension aims to provide the company with more flexibility in managing its financial obligations and could impact its financial strategy and stakeholder interests.
More about Best Food Holding Co. Ltd.
Best Food Holding Co. Ltd. operates in the food industry, focusing primarily on the production and distribution of food products. The company is incorporated in the Cayman Islands and is listed on the Stock Exchange of Hong Kong.
YTD Price Performance: -6.32%
Average Trading Volume: 228,380
Technical Sentiment Signal: Hold
Current Market Cap: HK$1.5B
For an in-depth examination of 1488 stock, go to TipRanks’ Stock Analysis page.