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Chow Tai Fook Jewellery Group ( (HK:1929) ) has provided an announcement.
Chow Tai Fook Jewellery Group has successfully completed the issuance of HK$8.8 billion in convertible bonds due in 2030, which are set to be listed on the Hong Kong Stock Exchange. The proceeds from this issuance will be directed towards the development and financing of its gold jewelry business, store upgrades, and strategic expansion in both domestic and international markets, enhancing the company’s operational capabilities and market positioning.
The most recent analyst rating on (HK:1929) stock is a Buy with a HK$9.00 price target. To see the full list of analyst forecasts on Chow Tai Fook Jewellery Group stock, see the HK:1929 Stock Forecast page.
More about Chow Tai Fook Jewellery Group
Chow Tai Fook Jewellery Group is a prominent player in the jewelry industry, primarily offering gold jewelry and related products. The company focuses on both domestic and international markets, aiming for strategic expansion and store upgrades.
YTD Price Performance: 98.81%
Average Trading Volume: 22,963,384
Technical Sentiment Signal: Buy
Current Market Cap: HK$132B
See more insights into 1929 stock on TipRanks’ Stock Analysis page.