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China Rongzhong Financial Holdings Company Limited ( (HK:3963) ) has provided an update.
China Rongzhong Financial Holdings Company Limited has announced a proposed issue of a convertible bond under a specific mandate, with the Subscriber agreeing to subscribe to the bond for HK$35,000,000. This transaction, which involves the Subscriber holding a controlling interest in the company, requires approval from independent shareholders and is subject to regulatory conditions, potentially impacting the company’s financial operations and shareholder dynamics.
The most recent analyst rating on (HK:3963) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Rongzhong Financial Holdings Company Limited stock, see the HK:3963 Stock Forecast page.
More about China Rongzhong Financial Holdings Company Limited
China Rongzhong Financial Holdings Company Limited is a financial services company incorporated in the Cayman Islands. It operates primarily in the financial sector, focusing on providing financial solutions and services.
Average Trading Volume: 1,356,355
Technical Sentiment Signal: Sell
Current Market Cap: HK$145.6M
See more insights into 3963 stock on TipRanks’ Stock Analysis page.