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Grand Field Group Holdings Ltd. ( (HK:0115) ) has shared an announcement.
Grand Field Group Holdings Limited has announced a partial conversion of its convertible bond, originally subscribed by Ms. Tsang Tsz Nok Aleen. The conversion involves HK$22,000,000 of the bond, resulting in the issuance of 8,461,538 new shares, which will significantly alter the company’s shareholding structure. Post-conversion, Ms. Tsang will hold approximately 40.97% of the enlarged share capital, while the public shareholders’ stake will decrease to 25.96%. This conversion is expected to impact the company’s governance and shareholder dynamics.
The most recent analyst rating on (HK:0115) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Grand Field Group Holdings Ltd. stock, see the HK:0115 Stock Forecast page.
More about Grand Field Group Holdings Ltd.
Average Trading Volume: 10,958
Technical Sentiment Signal: Sell
Current Market Cap: HK$42.87M
Learn more about 0115 stock on TipRanks’ Stock Analysis page.