TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
MMG ( (HK:1208) ) just unveiled an announcement.
MMG Limited has successfully completed the issuance of US$500 million zero-coupon convertible bonds due in 2030. The net proceeds of approximately US$494 million will be used to refinance the company’s offshore indebtedness, and the bonds are expected to be listed on the Hong Kong Stock Exchange, enhancing MMG’s financial flexibility and market presence.
The most recent analyst rating on (HK:1208) stock is a Hold with a HK$7.00 price target. To see the full list of analyst forecasts on MMG stock, see the HK:1208 Stock Forecast page.
More about MMG
Average Trading Volume: 67,307,572
Technical Sentiment Signal: Buy
Current Market Cap: HK$85.35B
See more insights into 1208 stock on TipRanks’ Stock Analysis page.