Vobile Group to Issue HK$98.8M Zero Coupon Convertible Bonds

Vobile Group ( (HK:3738) ) has issued an update.

Vobile Group Limited announced the proposed issuance of HK$98,800,000 zero coupon convertible bonds due 2028 under a general mandate. The bonds, which do not bear any interest, are convertible into shares at a premium to the current share price, and the proceeds are estimated to be HK$97 million. The issuance does not require shareholder approval, and the conversion shares will be listed on the Stock Exchange.

The most recent analyst rating on (HK:3738) stock is a Buy with a HK$5.40 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 is listed on the Hong Kong Stock Exchange under the stock code 3738.

Average Trading Volume: 20,383,125

Technical Sentiment Signal: Buy

Current Market Cap: HK$7.74B

See more data about 3738 stock on TipRanks’ Stock Analysis page.