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NWS Holdings ( (HK:0659) ) has shared an update.
NWS Holdings has announced a strategic move to repurchase HK$780 million worth of its 4.00% convertible bonds due in 2025 and simultaneously issue HK$850 million in new 2.80% convertible bonds due in 2027. This initiative aims to restore the company’s public float to meet the minimum requirement of 25% as per the Listing Rules, enhancing its market positioning and potentially benefiting stakeholders by stabilizing its financial structure.
The most recent analyst rating on (HK:0659) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on NWS Holdings stock, see the HK:0659 Stock Forecast page.
More about NWS Holdings
Average Trading Volume: 702,532
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$29.71B
Learn more about 0659 stock on TipRanks’ Stock Analysis page.