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The latest update is out from Elate Holdings Limited ( (HK:0076) ).
Elate Holdings Limited announced the issuance of HK$24,339,000 in convertible debentures under a general mandate. The debentures, which carry no interest and mature in 2031, are intended to fund the company’s Web 3.0 business development. The conversion price is set at HK$0.305, allowing for the issuance of up to 79,800,000 new shares. This move is expected to enhance the company’s operations in the digital and technological sectors, potentially strengthening its market position and offering new opportunities for stakeholders.
More about Elate Holdings Limited
Elate Holdings Limited is a company incorporated in Hong Kong with limited liability, and it operates in the financial sector. The company focuses on developing its Web 3.0 business, which indicates a strategic interest in advancing its technological capabilities and market presence in this innovative space.
Average Trading Volume: 2,666,915
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$112.5M
Find detailed analytics on 0076 stock on TipRanks’ Stock Analysis page.