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The latest update is out from NWS Holdings ( (HK:0659) ).
NWS Holdings has completed the repurchase of HK$780 million 4.00% convertible bonds due 2025 and issued HK$850 million 2.80% convertible bonds due 2027. The repurchase and conversion of the bonds will lead to the delisting of the existing bonds from the Vienna Stock Exchange, while the new bonds have been successfully listed. The company’s public float remains slightly below the required 25%, and it plans to apply for an extension of the waiver to comply with listing rules.
The most recent analyst rating on (HK:0659) stock is a Buy with a HK$8.60 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
YTD Price Performance: 5.85%
Average Trading Volume: 853,876
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$30.39B
For a thorough assessment of 0659 stock, go to TipRanks’ Stock Analysis page.