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The latest announcement is out from International Entertainment Corporation ( (HK:1009) ).
International Entertainment Corporation has called an extraordinary general meeting for 26 February 2026 in Hong Kong, seeking shareholder approval for a sizeable capital-raising exercise. The company plans to issue up to HK$1.6 billion in 3% convertible notes to DigiPlus Interactive Corp. at an initial conversion price of HK$1 per share, with a specific mandate requested for the listing and issuance of the resulting conversion shares.
Part of the proceeds from the convertible notes is earmarked for the early repayment of existing promissory notes of about HK$467.99 million plus accrued interest owed to Future Growth Opportunity Fund SPC — Future Growth Opportunity Fund SP1. The company is also pursuing a whitewash waiver from Hong Kong regulators to relieve the subscriber from making a mandatory takeover offer that could otherwise be triggered by the conversion of the notes, underscoring the transaction’s potential to materially reshape its capital structure and shareholding profile.
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
International Entertainment Corporation is a Hong Kong-listed company incorporated in the Cayman Islands, operating in the entertainment and leisure sector. The group focuses on gaming-related and interactive entertainment investments, including collaborations with regional partners to expand its capital base and strengthen its position in Asian entertainment markets.
Average Trading Volume: 162,654
Technical Sentiment Signal: Hold
Current Market Cap: HK$1.42B
Learn more about 1009 stock on TipRanks’ Stock Analysis page.