An announcement from Kingsoft ( (HK:3888) ) is now available.
Kingsoft Corporation Limited announced the partial conversion of its convertible bonds, resulting in the issuance of 10,123,667 new shares to bondholders. This conversion represents approximately 11.35% of the initial principal amount of the bonds and 0.75% of the company’s total shares. The outstanding principal amount of the convertible bonds is now approximately HK$2,366 million, indicating a significant reduction in debt and potential positive impact on the company’s financial structure.
More about Kingsoft
Kingsoft Corporation Limited is a technology company based in Hong Kong, primarily engaged in software development and internet services. It operates in the technology industry with a focus on providing software solutions and services.
YTD Price Performance: 10.71%
Average Trading Volume: 233
Technical Sentiment Signal: Sell
Current Market Cap: $6.41B
Learn more about 3888 stock on TipRanks’ Stock Analysis page.