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Times China Holdings ( (HK:1233) ) has issued an update.
Times China Holdings Limited has announced an extraordinary general meeting to approve the issuance of ordinary shares and mandatory convertible bonds as part of a restructuring plan for its offshore indebtedness. This move is aimed at enhancing the company’s financial stability and operational flexibility, potentially impacting its market position and providing reassurance to stakeholders regarding its commitment to addressing financial obligations.
More about Times China Holdings
Times China Holdings Limited is a company incorporated in the Cayman Islands, with its principal place of business in Hong Kong and headquarters in Guangzhou, China. It operates in the real estate industry, focusing on property development and management.
YTD Price Performance: -55.51%
Average Trading Volume: 643,007
Technical Sentiment Signal: Sell
Current Market Cap: HK$403.5M
For detailed information about 1233 stock, go to TipRanks’ Stock Analysis page.