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NWS Holdings ( (HK:0659) ) has issued an update.
NWS Holdings has announced plans to repurchase HK$780,000,000 of its 4.00% convertible bonds due in 2025 and issue new convertible bonds to institutional investors. This initiative aims to restore the company’s public float to meet the minimum requirement of 25% as per the Listing Rules. The proceeds from the new bond issue will primarily fund the repurchase, with any remaining funds allocated for general corporate purposes. This strategic move is expected to enhance the company’s compliance with regulatory requirements and improve its financial flexibility.
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
See more data about 0659 stock on TipRanks’ Stock Analysis page.