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An update from MMG ( (HK:1208) ) is now available.
MMG has announced the proposed issuance of US$500 million zero-coupon convertible bonds due in 2030. The bonds are convertible into shares at an initial conversion price of HK$8.40 per share, potentially representing about 3.67% of the company’s enlarged share capital. The proceeds from this issuance are intended to refinance the company’s offshore indebtedness. The subscription and issuance of these bonds are subject to certain conditions and may not proceed to completion, urging shareholders and investors to exercise caution.
The most recent analyst rating on (HK:1208) stock is a Buy with a HK$6.80 price target. To see the full list of analyst forecasts on MMG stock, see the HK:1208 Stock Forecast page.
More about MMG
YTD Price Performance: 144.53%
Average Trading Volume: 63,414,276
Technical Sentiment Signal: Buy
Current Market Cap: HK$76B
For a thorough assessment of 1208 stock, go to TipRanks’ Stock Analysis page.