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An update from Trendzon Holdings Group Limited ( (HK:1865) ) is now available.
Pengo Holdings Group Limited has announced an extraordinary general meeting to discuss and potentially approve resolutions related to increasing the company’s authorized share capital and a placing agreement for convertible bonds. The proposed increase in authorized share capital would expand from HK$100 million to HK$500 million, allowing for the creation of an additional 4 billion unissued shares. Additionally, the company seeks approval for a placing agreement involving convertible bonds worth up to HK$120 million, which could be converted into new shares, subject to certain conditions. These moves are aimed at enhancing the company’s financial flexibility and potentially strengthening its market position.
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: 3,447,474
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$184.2M
For detailed information about 1865 stock, go to TipRanks’ Stock Analysis page.