tiprankstipranks
Trending News
More News >

Clearbridge Health Adjusts Convertible Bond Conversion Price Following Share Placement

Story Highlights
Clearbridge Health Adjusts Convertible Bond Conversion Price Following Share Placement

Don’t Miss TipRanks’ Half-Year Sale

Clearbridge Health Ltd. ( (SG:1H3) ) just unveiled an update.

Clearbridge Health Limited has announced an adjustment to the conversion price of its convertible bonds, following a proposed placement of 309,500,000 new ordinary shares. This adjustment reduces the conversion price from S$0.06 to S$0.0031 per share, reflecting the company’s strategic financial maneuvering to enhance its capital structure, potentially impacting shareholder value and market positioning.

More about Clearbridge Health Ltd.

Clearbridge Health Limited is a healthcare company based in Singapore, specializing in the provision of integrated healthcare solutions. The company focuses on delivering innovative healthcare services and medical technology products across Asia.

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €5.29M

For a thorough assessment of 1H3 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1