New Focus Auto Tech Holdings (HK:0360) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
New Focus Auto Tech Holdings Limited has announced a supplemental agreement to extend the placement of convertible bonds, with a new deadline set for 6 August 2024. The placement aims to raise up to HK$400 million, with the initial conversion price set at HK$0.145 per share, but the completion is contingent on certain conditions being met. Shareholders and potential investors are cautioned to trade carefully as the placement’s finalization is not guaranteed.
For further insights into HK:0360 stock, check out TipRanks’ Stock Analysis page.