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Gushengtang Holdings Limited ( (HK:2273) ) has issued an announcement.
Gushengtang Holdings Limited has entered into a subscription agreement with an investor to issue US$110 million in unlisted convertible bonds under its general mandate, at an initial conversion price of HK$37.77 per share, a premium of about 22% to its recent trading prices. The deal, which does not require further shareholder approval and could result in the issuance of around 22.9 million new shares (up to roughly 8.91% of the enlarged share capital), is expected to raise net proceeds of approximately US$108.7 million for share repurchases, investment in artificial intelligence systems for traditional Chinese medicine diagnostics and health management, and general working capital, signaling both a balance-sheet optimization drive and a strategic push into tech-enabled TCM services; the company will seek Hong Kong listing approval for the conversion shares and will complete required CSRC filings.
The most recent analyst rating on (HK:2273) stock is a Buy with a HK$46.00 price target. To see the full list of analyst forecasts on Gushengtang Holdings Limited stock, see the HK:2273 Stock Forecast page.
More about Gushengtang Holdings Limited
Gushengtang Holdings Limited is a Hong Kong–listed company operating in the healthcare sector, with a focus on traditional Chinese medicine (TCM). The group’s activities include TCM medical services and related health management offerings, and it is increasingly integrating advanced technologies such as artificial intelligence into TCM diagnostics and knowledge management to strengthen its market positioning.
Average Trading Volume: 1,497,302
Technical Sentiment Signal: Hold
Current Market Cap: HK$7.22B
For detailed information about 2273 stock, go to TipRanks’ Stock Analysis page.