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The latest announcement is out from China Carbon Neutral Development Group Limited ( (HK:1372) ).
China Carbon Neutral Development Group Limited has announced a proposed issue of convertible bonds to restructure its debts and facilitate healthy development. The company has entered into settlement and offset agreements with subscribers to issue convertible bonds worth HK$57,659,479.52, which will be used to offset existing indebtedness. This move is expected to enhance the company’s financial stability without generating immediate proceeds, as the bonds are aimed at debt settlement.
More about China Carbon Neutral Development Group Limited
Average Trading Volume: 12,534,033
Technical Sentiment Signal: Buy
Current Market Cap: HK$945.2M
See more insights into 1372 stock on TipRanks’ Stock Analysis page.