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An announcement from Towngas China Co ( (HK:1083) ) is now available.
Towngas Smart Energy Company Limited has announced an adjustment to the conversion price of its Convertible Bonds, reducing it from HK$6.06 to HK$5.94 per share. This adjustment follows the payment of dividends and the issuance of scrip shares, allowing for an increase in the maximum number of shares to be issued upon full conversion of the bonds. The adjustment is expected to enhance the company’s market positioning by potentially increasing shareholder value and liquidity.
The most recent analyst rating on (HK:1083) stock is a Buy with a HK$3.45 price target. To see the full list of analyst forecasts on Towngas China Co stock, see the HK:1083 Stock Forecast page.
More about Towngas China Co
Towngas Smart Energy Company Limited operates in the energy sector, focusing on providing gas and renewable energy solutions. The company is involved in the distribution and sale of gas and the development of renewable energy projects, positioning itself as a key player in the energy market.
YTD Price Performance: 40.26%
Average Trading Volume: 7,367,198
Technical Sentiment Signal: Buy
Current Market Cap: HK$14.8B
Find detailed analytics on 1083 stock on TipRanks’ Stock Analysis page.