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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
For an in-depth examination of 1726 stock, go to TipRanks’ Stock Analysis page.