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HOCHDORF Holding AG ( (CH:HT5) ) has provided an announcement.
HT5 AG has announced the mandatory conversion of its hybrid bond into registered shares, following the lifting of a debt restructuring moratorium by the District Court of Hochdorf. This conversion is part of the company’s restructuring efforts and will result in the issuance of 14,289,000 new shares. The company is also evaluating a partnership for listing on the SIX Swiss Exchange, indicating strategic growth and potential market expansion.
More about HOCHDORF Holding AG
HT5 AG, formerly known as HOCHDORF group, is listed on the Swiss stock exchange SIX Swiss Exchange. The company is undergoing a restructuring process involving a debt-to-equity conversion, with plans for a reverse takeover to merge with another company and list it on the Swiss stock exchange.
Average Trading Volume: 3,964
Technical Sentiment Signal: Sell
Current Market Cap: CHF3.37M
For a thorough assessment of HT5 stock, go to TipRanks’ Stock Analysis page.