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Shoucheng Holdings Ltd. ( (HK:0697) ) has issued an announcement.
Shoucheng Holdings Ltd. announced an update regarding its U.S.$180 million 0.75% convertible bonds due 2026. As of the announcement date, approximately 96% of these bonds have been converted into shares, representing about 10% of the total shares issued by the company. The company plans to exercise its Early Redemption Option to redeem the remaining bonds by the first quarter of 2026, after which it will apply for the withdrawal of the bonds’ listing from the stock exchange. This move will eliminate any outstanding bonds, potentially streamlining the company’s financial operations and affecting its market positioning.
The most recent analyst rating on (HK:0697) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Shoucheng Holdings Ltd. stock, see the HK:0697 Stock Forecast page.
More about Shoucheng Holdings Ltd.
YTD Price Performance: 109.07%
Average Trading Volume: 80,088,951
Technical Sentiment Signal: Buy
Current Market Cap: HK$17.73B
See more data about 0697 stock on TipRanks’ Stock Analysis page.