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The latest announcement is out from SJM Holdings ( (HK:0880) ).
SJM International Limited, a wholly owned subsidiary of SJM Holdings, plans an international offering of U.S. dollar-denominated senior notes to be sold exclusively to non-U.S. investors under Regulation S, with the notes irrevocably and unconditionally guaranteed by the parent company. The size and terms of the issue will be set via bookbuilding led by a syndicate of global and regional banks, and the proceeds, if the transaction completes, are earmarked for refinancing existing debt and general corporate purposes, a move the board says will extend the group’s debt maturity profile and strengthen its financial flexibility.
The most recent analyst rating on (HK:0880) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on SJM Holdings stock, see the HK:0880 Stock Forecast page.
More about SJM Holdings
SJM Holdings is a Macau-based casino operator whose core business spans gaming and related hospitality services, with a focus on the Macau market. Through subsidiaries such as SJM International Limited, the group raises funding in international capital markets to support its operations and capital structure in the highly competitive Asian gaming and entertainment industry.
YTD Price Performance: 0.41%
Average Trading Volume: 15,801,425
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$17.19B
For an in-depth examination of 0880 stock, go to TipRanks’ Overview page.