Weimob (HK:2013) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Weimob Inc. has announced the proposed issue of US$90 million in Guaranteed Convertible Bonds due in 2029, with the bonds expected to be listed on the Hong Kong Stock Exchange. The initial conversion price is set at a premium over recent average share prices, with the potential to convert into a significant portion of the company’s enlarged share capital. The net proceeds from this issue, estimated at US$86 million after expenses, are intended to refinance existing debts.
For further insights into HK:2013 stock, check out TipRanks’ Stock Analysis page.