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KWG Group Holdings ( (HK:1813) ) just unveiled an announcement.
KWG Group Holdings Limited announced the approval of a restructuring plan for its onshore corporate bonds by relevant creditors. The plan includes options such as cash repurchase at a discounted price, debt-for-asset swap, full conversion into ordinary debts, and debt rollover, which aim to adjust the repayment arrangements for the bonds. This move is expected to impact the company’s financial operations and provide flexibility in managing its debt obligations.
The most recent analyst rating on (HK:1813) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on KWG Group Holdings stock, see the HK:1813 Stock Forecast page.
More about KWG Group Holdings
KWG Group Holdings Limited is a company incorporated in the Cayman Islands, operating in the real estate sector. It focuses on property development and investment, with a market presence in Hong Kong and mainland China.
YTD Price Performance: -36.25%
Average Trading Volume: 4,215,181
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$871.2M
For detailed information about 1813 stock, go to TipRanks’ Stock Analysis page.