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An update from iDreamSky Technology Holdings Limited ( (HK:1119) ) is now available.
iDreamSky Technology Holdings Limited has announced an adjustment to the conversion price of its HK$386 million 5.00% guaranteed convertible bonds due 2028. The adjustment, effective as of July 31, 2024, changes the conversion price from HK$3.64 to HK$3.58 per share, following the issuance of placing shares at HK$2.15 each. This adjustment increases the maximum number of shares issuable upon full conversion of the bonds from 106,043,956 to 107,821,229, potentially impacting the company’s market positioning and shareholder value.
More about iDreamSky Technology Holdings Limited
YTD Price Performance: -73.79%
Average Trading Volume: 288
Technical Sentiment Signal: Strong Buy
Current Market Cap: €184.4M
For a thorough assessment of 1119 stock, go to TipRanks’ Stock Analysis page.