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An announcement from DL Holdings Group Limited ( (HK:1709) ) is now available.
DL Holdings Group Limited has announced an extraordinary general meeting to discuss the approval of convertible bonds and warrants issuance. The company plans to issue convertible bonds at an initial conversion price of HK$3.17 and warrants at an exercise price of HK$3.80, allowing for the subscription of up to 53,769,804 conversion shares and 40,000,000 warrant shares, respectively. This move is part of a formal agreement related to BTC mining machines, potentially impacting the company’s financial structure and market strategy.
The most recent analyst rating on (HK:1709) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on DL Holdings Group Limited stock, see the HK:1709 Stock Forecast page.
More about DL Holdings Group Limited
Average Trading Volume: 65,668,820
Technical Sentiment Signal: Sell
Current Market Cap: HK$4.85B
For detailed information about 1709 stock, go to TipRanks’ Stock Analysis page.