HKE Holdings to Boost Fintech Operations with HK$26 Million Convertible Bond Issue

The latest announcement is out from HKE Holdings Limited ( (HK:1726) ).

HKE Holdings Limited has announced a proposed issue of a convertible bond worth HK$26 million under a general mandate. The net proceeds, expected to be approximately HK$25.8 million, will be utilized with 80% directed towards developing their Fintech Platform Business and 20% for general working capital. This strategic move may enhance the company’s operational capabilities and market positioning in the fintech sector, although the completion of the subscription is contingent upon certain conditions.

More about HKE Holdings Limited

YTD Price Performance: -10.65%

Average Trading Volume: 365,169

Technical Sentiment Consensus Rating: Hold

Current Market Cap: HK$1.67B

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