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Sinolink Worldwide Holdings ( (HK:1168) ) has issued an announcement.
Sinolink Worldwide Holdings Limited has announced the conversion of convertible bonds by its controlling shareholder, Asia Pacific Promotion Limited, which is wholly owned by Mr. Ou Yaping. The conversion involved a principal amount of HK$200,000,000, resulting in the issuance of 117,647,058 new shares. This move significantly alters the company’s shareholding structure, increasing Asia Pacific Promotion Limited’s stake to 64.46% and reducing public shareholders’ stake to 35.15%. The conversion will cancel the convertible bonds, reduce the company’s liabilities, and strengthen its financial position, providing a more robust capital structure for future business development and strategic initiatives.
More about Sinolink Worldwide Holdings
Average Trading Volume: 1,738,765
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.2B
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