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Vobile Group ( (HK:3738) ) has issued an announcement.
Vobile Group Limited has announced the proposed issuance of HK$1.6 billion zero coupon convertible bonds due 2026 under a general mandate. The bonds, convertible into shares at a premium price, aim to raise approximately HK$1,566 million net proceeds, which will be allocated towards AIGC and RWA business development, debt repayment, and general working capital. The bonds are set to be listed on the Vienna MTF, with new shares to be listed on the Hong Kong Stock Exchange, subject to conditions and approvals.
The most recent analyst rating on (HK:3738) stock is a Buy with a HK$5.00 price target. To see the full list of analyst forecasts on Vobile Group stock, see the HK:3738 Stock Forecast page.
More about Vobile Group
Vobile Group Limited is a company incorporated in the Cayman Islands, operating in the technology sector. It focuses on the development and investment in artificial intelligence generated content (AIGC) and real-world asset (RWA) related businesses.
YTD Price Performance: 39.68%
Average Trading Volume: 64,280,806
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$12.89B
Find detailed analytics on 3738 stock on TipRanks’ Stock Analysis page.