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The latest announcement is out from Daido Group Limited ( (HK:0544) ).
Daido Group Limited has announced a special general meeting to discuss and approve two conditional subscription agreements for issuing convertible bonds. These agreements, with YuYu Future Investment Limited and Protoss Global Opportunities Fund, involve the issuance of HK$15,000,000 in convertible bonds each, with a conversion price adjustment contingent on a share consolidation. The approval of these agreements is expected to provide the company with additional capital, potentially impacting its financial strategy and market position.
More about Daido Group Limited
Average Trading Volume: 1,485,832
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$21.76M
See more data about 0544 stock on TipRanks’ Stock Analysis page.