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The latest update is out from Seazen Group Ltd. ( (HK:1030) ).
Seazen Group Ltd., through its subsidiary New Metro Global Limited, has announced the proposed issuance of US$160 million in 11.88% guaranteed senior notes due in 2027. The proceeds from this issuance will be used to repay existing debt and for general corporate purposes, with the notes expected to be listed on the SGX-ST. This move is part of the company’s strategy to manage its financial obligations and support its corporate activities, though stakeholders are advised to exercise caution due to potential uncertainties in the completion of the purchase agreement.
The most recent analyst rating on (HK:1030) stock is a Buy with a HK$3.30 price target. To see the full list of analyst forecasts on Seazen Group Ltd. stock, see the HK:1030 Stock Forecast page.
More about Seazen Group Ltd.
Seazen Group Ltd. is a company incorporated in the Cayman Islands, primarily involved in real estate development and investment. It operates through its subsidiary, New Metro Global Limited, and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 30,512,003
Technical Sentiment Signal: Hold
Current Market Cap: HK$18.72B
See more insights into 1030 stock on TipRanks’ Stock Analysis page.