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An update from Momentum Financial Holdings Limited ( (HK:1152) ) is now available.
Momentum Financial Holdings Limited has issued 89,041,096 new shares following the conversion of HK$6.5 million in convertible bonds held by independent investor Ms. Xiao Yongzhen at a price of HK$0.073 per share, increasing its total issued share capital to 2,164,926,438 shares. The move, part of the company’s broader debt restructuring via convertible bonds, slightly dilutes existing shareholders—representing about 4.11% of the enlarged share capital—and further shifts the ownership mix towards creditor-related shareholders, with potential for much greater creditor ownership if all remaining bonds are converted, subject to public float requirements.
The most recent analyst rating on (HK:1152) stock is a Hold with a HK$0.31 price target. To see the full list of analyst forecasts on Momentum Financial Holdings Limited stock, see the HK:1152 Stock Forecast page.
More about Momentum Financial Holdings Limited
Average Trading Volume: 1,500,459
Technical Sentiment Signal: Buy
Current Market Cap: HK$664.3M
See more insights into 1152 stock on TipRanks’ Stock Analysis page.