Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Far East Horizon Limited ( (HK:3360) ) has shared an announcement.
Far East Horizon Limited has announced the partial cancellation of their U.S.$300,000,000 2.50% guaranteed convertible bonds due 2025, issued by Universe Trek Limited. From June 14, 2025, an aggregate principal amount of U.S.$42,361,000, representing 14.12% of the initial bonds, was converted into shares and cancelled. This conversion resulted in the issuance of 63,258,275 shares, accounting for 1.46% of the total issued share capital of the guarantor. The remaining outstanding bonds amount to U.S.$202,734,000, which could potentially increase the share capital by 6.97% upon full conversion.
The most recent analyst rating on (HK:3360) stock is a Buy with a HK$8.70 price target. To see the full list of analyst forecasts on Far East Horizon Limited stock, see the HK:3360 Stock Forecast page.
More about Far East Horizon Limited
Average Trading Volume: 8,861,460
Technical Sentiment Signal: Buy
Current Market Cap: HK$27.58B
For a thorough assessment of 3360 stock, go to TipRanks’ Stock Analysis page.