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The latest update is out from DTXS Silk Road Investment Holdings Company Limited ( (HK:0620) ).
DTXS Silk Road Investment Holdings has amended its placing agreement for 3.85% convertible bonds due 2029, allowing the issuance of the bonds to be completed in multiple tranches rather than in a single placement. Each tranche must generally have a minimum principal amount of HK$3 million, with completion of each tranche subject to conditions including listing approval for the relevant conversion shares, prior shareholder approval of the placing and its specific mandate, and receipt of all necessary regulatory and third-party consents. The revised structure provides the company and its placing agents with greater flexibility in timing and size of capital raising within the approved placing period, potentially aligning issuance more closely with investor demand and market conditions, which may help optimise funding costs and reduce execution risk for both the company and its stakeholders.
The most recent analyst rating on (HK:0620) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on DTXS Silk Road Investment Holdings Company Limited stock, see the HK:0620 Stock Forecast page.
More about DTXS Silk Road Investment Holdings Company Limited
DTXS Silk Road Investment Holdings Company Limited is a Hong Kong-listed investment holding company. While this announcement does not restate its business lines, the group typically operates as a diversified investor, using capital markets instruments and structured financing, including convertible bonds, to support its investment activities and corporate development.
Average Trading Volume: 2,246,012
Technical Sentiment Signal: Sell
Current Market Cap: HK$408.5M
Learn more about 0620 stock on TipRanks’ Stock Analysis page.