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International Entertainment Corporation ( (HK:1009) ) just unveiled an announcement.
International Entertainment Corporation has announced a significant financial maneuver involving the issuance of convertible notes worth up to HK$1.6 billion under a specific mandate. This move is part of a strategic effort to enhance its capital structure and potentially alter its shareholder composition, as the conversion of these notes could result in the Subscriber gaining a majority stake in the company. The company has also applied for a Whitewash Waiver to avoid a mandatory general offer, highlighting the potential for significant changes in its ownership dynamics.
The most recent analyst rating on (HK:1009) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on International Entertainment Corporation stock, see the HK:1009 Stock Forecast page.
More about International Entertainment Corporation
Average Trading Volume: 176,387
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.62B
For an in-depth examination of 1009 stock, go to TipRanks’ Overview page.