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China Yuhua Education Corp. Ltd. ( (HK:6169) ) has provided an update.
China Yuhua Education Corporation Limited has announced amendments to the terms of its 0.90% convertible bonds due 2024, which include an application for the listing and permission to deal in the shares issued upon conversion. Following a redemption of bonds, the company has approximately HK$483,868,386 in outstanding principal amount. The conversion price has been set at HK$0.733 per share, representing a significant premium over the current market price, and allowing the issuance of 660,000,000 conversion shares without needing specific shareholder approval.
More about China Yuhua Education Corp. Ltd.
China Yuhua Education Corporation Limited operates in the education industry, focusing on providing educational services and managing schools. The company is incorporated in the Cayman Islands and is publicly traded on the Stock Exchange of Hong Kong.
Average Trading Volume: 2,785,333
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$1.32B
For detailed information about 6169 stock, go to TipRanks’ Stock Analysis page.