MicroPort Scientific (HK:0853) has released an update.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
MicroPort Scientific has successfully completed the drawdown of a Convertible Loan for an initial total of $150 million USD, with conditions met or waived by Lenders. Additionally, the company has secured credit support of $300 million USD for repayment of 2026 Convertible Bonds. Upon conversion, these loans could translate to approximately 8.58% of the company’s current issued share capital, potentially diluting to 7.90% post-issue.
For further insights into HK:0853 stock, check out TipRanks’ Stock Analysis page.