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Trendzon Holdings Group Limited ( (HK:1865) ) has issued an announcement.
Pengo Holdings Group Limited has announced a business update concerning the issuance of bonds. The company has issued bonds with a principal amount of HK$40,000,000 at an interest rate of 3% per annum, maturing in March 2026. However, the subscription has only been partially completed, with proceeds of HK$19,503,145 received. Legal proceedings have been initiated in the High Court of Hong Kong regarding the outstanding amount and certain terms of the subscription agreement, and the company is consulting legal advisers on the matter.
The most recent analyst rating on (HK:1865) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Trendzon Holdings Group Limited stock, see the HK:1865 Stock Forecast page.
More about Trendzon Holdings Group Limited
Average Trading Volume: 5,698,776
Technical Sentiment Signal: Hold
Current Market Cap: HK$213.7M
Find detailed analytics on 1865 stock on TipRanks’ Stock Analysis page.