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Tongguan Gold Group Ltd. ( (HK:0340) ) has provided an update.
Tongguan Gold Group Limited has announced that Tongfei Investment Limited has partially converted its existing convertible bond holding, exercising conversion rights over HK$6.6 million of principal at HK$1.10 per share, resulting in the issuance of 6 million new shares. The new shares, which represent about 0.11% of the company’s enlarged share capital and rank pari passu with existing shares, modestly increase Tongfei Investment’s equity position while reducing the outstanding principal of the convertible bond to HK$26.4 million, slightly shifting the company’s capital structure toward equity without materially diluting existing shareholders.
The most recent analyst rating on (HK:0340) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on Tongguan Gold Group Ltd. stock, see the HK:0340 Stock Forecast page.
More about Tongguan Gold Group Ltd.
Tongguan Gold Group Limited is a Hong Kong-listed company incorporated in Bermuda, engaged in the gold and related resources sector, with its shares traded on the Main Board of the Stock Exchange of Hong Kong under stock code 00340.
YTD Price Performance: 24.64%
Average Trading Volume: 15,803,860
Technical Sentiment Signal: Buy
Current Market Cap: HK$18.63B
Find detailed analytics on 0340 stock on TipRanks’ Stock Analysis page.