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An announcement from CROSSTEC Group Holdings Ltd. ( (HK:3893) ) is now available.
CROSSTEC Group Holdings Limited, a company incorporated in the Cayman Islands, announced a loan capitalization involving the issuance of convertible bonds to its stakeholders. The company entered into agreements with HIL and MKI for the subscription of convertible bonds amounting to HK$57,100,000 and HK$38,400,000, respectively. These transactions aim to discharge part of the company’s payment obligations on existing loans, with the issuance of conversion shares subject to shareholder approval and stock exchange permissions. The agreements are not inter-conditional, and the company will hold an Extraordinary General Meeting (EGM) for shareholders to approve the transactions.
More about CROSSTEC Group Holdings Ltd.
Average Trading Volume: 1,156,628
Technical Sentiment Signal: Sell
Current Market Cap: HK$19.97M
See more insights into 3893 stock on TipRanks’ Stock Analysis page.