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Times China Holdings ( (HK:1233) ) just unveiled an update.
Times China Holdings Limited has announced a proposed restructuring plan involving the potential issuance of new shares and mandatory convertible bonds. This restructuring is supported by over 85.67% of its Scheme Creditors, with the aim of addressing the company’s in-scope debt. The plan includes issuing Consideration Shares and zero-coupon mandatory convertible bonds (MCBs I and II) to creditors, contingent upon shareholder approval and stock exchange permissions.
More about Times China Holdings
YTD Price Performance: -56.85%
Average Trading Volume: 596,273
Technical Sentiment Signal: Sell
Current Market Cap: HK$403.5M
Learn more about 1233 stock on TipRanks’ Stock Analysis page.