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Far East Horizon Limited ( (HK:3360) ) has issued an announcement.
Far East Horizon Limited announced a partial cancellation of its U.S.$300 million 2.50% guaranteed convertible bonds due 2025, as approximately 41.74% of the bonds were converted into shares. This conversion results in the issuance of 187,001,745 shares, representing about 4.30% of the company’s total issued share capital, indicating a strategic move to manage its financial obligations and potentially improve its market positioning.
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
Far East Horizon Limited operates in the financial services industry, focusing on providing financial solutions and services. The company is involved in the issuance of convertible bonds and other financial instruments, catering to a diverse range of market needs.
Average Trading Volume: 8,805,839
Technical Sentiment Signal: Buy
Current Market Cap: HK$26.94B
Learn more about 3360 stock on TipRanks’ Stock Analysis page.