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An announcement from Shoucheng Holdings Ltd. ( (HK:0697) ) is now available.
Shoucheng Holdings Ltd. has announced a proposed issuance of U.S.$180 million in convertible bonds due 2026 under a general mandate. The proceeds from these bonds are intended for investment in key assets and general corporate purposes. The bonds, which can be converted into shares, represent a significant portion of the company’s share capital. The company will apply for the listing of these bonds and conversion shares on the Stock Exchange. The issuance does not require shareholder approval and is subject to conditions outlined in the subscription agreement.
More about Shoucheng Holdings Ltd.
YTD Price Performance: 52.24%
Average Trading Volume: 38,755,179
Technical Sentiment Signal: Buy
Current Market Cap: HK$11.66B
For a thorough assessment of 0697 stock, go to TipRanks’ Stock Analysis page.