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Kasen International Holdings Ltd. ( (HK:0496) ) has issued an announcement.
Kasen International Holdings Ltd. has completed the proposed conversion of its convertible bonds, resulting in the issuance of 393,399,471 conversion shares to Joyview. This transaction has increased Joyview’s shareholding from approximately 39.36% to 52.35% of the company’s issued share capital, solidifying its position as a controlling shareholder. The completion of this conversion marks a significant shift in the company’s shareholding structure, with implications for its market positioning and stakeholder interests.
More about Kasen International Holdings Ltd.
Kasen International Holdings Ltd. is a company incorporated in the Cayman Islands, operating with limited liability. It is involved in the industry of convertible bonds and shareholding management.
Average Trading Volume: 416,236
Technical Sentiment Signal: Sell
Current Market Cap: HK$476.2M
For an in-depth examination of 0496 stock, go to TipRanks’ Stock Analysis page.