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An update from Henderson Land Development Co ( (HK:0012) ) is now available.
Henderson Land Development Co has announced a proposed issuance of HKD-denominated guaranteed convertible bonds through its indirect wholly-owned subsidiary. The bonds will be offered internationally, excluding the United States, and are aimed at professional investors in Hong Kong. The proceeds from the bond issuance are intended for general corporate purposes and/or refinancing. The issuance is not expected to significantly alter the controlling shareholder’s stake, and the company plans to list the bonds on the Vienna MTF and apply for permission to deal in shares on the Hong Kong Stock Exchange upon conversion of the bonds.
The most recent analyst rating on (HK:0012) stock is a Buy with a HK$31.00 price target. To see the full list of analyst forecasts on Henderson Land Development Co stock, see the HK:0012 Stock Forecast page.
More about Henderson Land Development Co
Henderson Land Development Co is an investment holding company with subsidiaries engaged in property development and investment, construction, project management, property management, hotel operation, department store operation, and investment holding.
Average Trading Volume: 7,539,820
Technical Sentiment Signal: Buy
Current Market Cap: HK$140.2B
Learn more about 0012 stock on TipRanks’ Stock Analysis page.