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Vobile Group ( (HK:3738) ) has shared an announcement.
Vobile Group Limited has successfully completed the issuance of HK$1.6 billion zero-coupon convertible bonds due in 2026, which were listed on the Vienna MTF. The net proceeds of approximately HK$1.566 billion will be allocated towards the development and investment in AIGC and RWA businesses, repayment of existing debts, and general working capital to support operational activities and expansion in Hong Kong and other regions.
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: 46.38%
Average Trading Volume: 64,930,255
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$13.51B
For detailed information about 3738 stock, go to TipRanks’ Stock Analysis page.