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The latest update is out from Hilong Holding Ltd. ( (HK:1623) ).
Hilong Holding Ltd. has announced the launch of a consent solicitation for the restructuring of its 9.75% Senior Secured Notes due 2024. This initiative aims to amend certain terms of the existing indenture, including extending the maturity of the notes and potentially replacing the trustee, to improve the company’s financial standing and provide more flexibility in its debt management strategy.
The most recent analyst rating on (HK:1623) stock is a Hold with a HK$0.18 price target. To see the full list of analyst forecasts on Hilong Holding Ltd. stock, see the HK:1623 Stock Forecast page.
More about Hilong Holding Ltd.
Hilong Holding Ltd. is a company incorporated in the Cayman Islands, primarily involved in the offshore debt restructuring industry. The company focuses on managing and restructuring financial instruments, such as senior secured notes, to optimize financial operations and maintain market stability.
Average Trading Volume: 3,357,927
Technical Sentiment Signal: Buy
Current Market Cap: HK$346.1M
Find detailed analytics on 1623 stock on TipRanks’ Stock Analysis page.