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The latest update is out from Kasen International Holdings Ltd. ( (HK:0496) ).
Kasen International Holdings Ltd. announced the successful passing of all proposed resolutions at its Extraordinary General Meeting held on May 30, 2025. The key resolutions included the approval of the conversion of convertible bonds issued to Joyview Enterprises Limited and the granting of a Whitewash Waiver, allowing Joyview to convert bonds into shares without triggering a mandatory takeover offer. This development is significant for Kasen’s financial structuring and shareholder equity, potentially impacting its market positioning and stakeholder interests.
More about Kasen International Holdings Ltd.
Kasen International Holdings Ltd. is a company incorporated in the Cayman Islands with limited liability, listed on the Hong Kong Stock Exchange. The company is involved in the industry of convertible bonds and financial services, focusing on market activities related to bond conversions and shareholder resolutions.
Average Trading Volume: 416,236
Technical Sentiment Signal: Sell
Current Market Cap: HK$476.2M
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