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An announcement from NWS Holdings ( (HK:0659) ) is now available.
CTF Services Limited, a company incorporated in Bermuda, has announced a significant financial maneuver involving the repurchase and conversion of its HK$780 million 4.00% convertible bonds due in 2025. The company plans to repurchase HK$566 million of these bonds, with the remaining HK$74 million being converted into shares, leading to the delisting of the bonds from the Vienna Stock Exchange by 22 July 2025. This move is subject to conditions outlined in the Dealer Manager Agreement, and shareholders are advised to exercise caution as the repurchase may not be completed.
The most recent analyst rating on (HK:0659) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on NWS Holdings stock, see the HK:0659 Stock Forecast page.
More about NWS Holdings
Average Trading Volume: 831,311
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$30.47B
See more data about 0659 stock on TipRanks’ Stock Analysis page.