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Huayi Tencent Entertainment Co., Ltd. ( (HK:0419) ) has shared an update.
Huayi Tencent Entertainment Co., Ltd. has announced the partial conversion of its 10% Convertible Bonds due 2026, with United Strength LS Limited converting bonds worth HK$60,000,000 into 598,205,383 new shares. This conversion affects the company’s shareholding structure, with the new shares representing approximately 4.04% of the total issued shares post-conversion, indicating a strategic financial maneuver to manage equity and debt.
The most recent analyst rating on (HK:0419) stock is a Hold with a HK$0.04 price target. To see the full list of analyst forecasts on Huayi Tencent Entertainment Co., Ltd. stock, see the HK:0419 Stock Forecast page.
More about Huayi Tencent Entertainment Co., Ltd.
Average Trading Volume: 10,171,753
Technical Sentiment Signal: Sell
Current Market Cap: HK$554.7M
See more insights into 0419 stock on TipRanks’ Stock Analysis page.