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Sunshine Oilsands ( (HK:2012) ) has provided an announcement.
Sunshine Oilsands Ltd. announced a connected transaction involving the proposed issuance of convertible bonds to settle debts owed to a company wholly owned by its Executive Chairman, Mr. Kwok Ping Sun. The transaction, valued at HK$238 million, requires approval from independent shareholders and is subject to the Listing Rules of the Hong Kong Stock Exchange. The issuance will result in a significant increase in the company’s share capital, potentially impacting its market positioning and shareholder interests.
The most recent analyst rating on (HK:2012) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Sunshine Oilsands stock, see the HK:2012 Stock Forecast page.
More about Sunshine Oilsands
Sunshine Oilsands Ltd. is a corporation incorporated under the Business Corporation Act of the Province of Alberta, Canada, with limited liability. It is listed on the Hong Kong Stock Exchange (HKEX: 2012).
YTD Price Performance: -42.24%
Average Trading Volume: 3,080,302
Technical Sentiment Signal: Sell
Current Market Cap: HK$191.4M
See more data about 2012 stock on TipRanks’ Stock Analysis page.