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Sky Light Holdings Limited ( (HK:3882) ) has shared an announcement.
Sky Light Holdings Limited has announced the termination of its previous proposed placing of convertible bonds due to the expiration of the placing period. The company has now entered into a new agreement with Funderstone Securities Limited to place convertible bonds worth up to HK$70,000,000. This move is expected to have no adverse impact on the company’s operations or financial position. The new placing agreement allows for the issuance of up to 52,002,107 conversion shares, representing a significant premium over the current share price, and aims to strengthen the company’s financial standing.
More about Sky Light Holdings Limited
YTD Price Performance: -28.57%
Average Trading Volume: 733,428
Technical Sentiment Signal: Hold
Current Market Cap: HK$1.01B
See more insights into 3882 stock on TipRanks’ Stock Analysis page.