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ZTE ( (HK:0763) ) just unveiled an announcement.
ZTE Corporation has announced the proposed issuance of RMB3,584 million USD settled zero coupon convertible bonds due 2030 under a general mandate. The bonds are convertible into H Shares at an initial conversion price of HK$30.25 per H Share, potentially increasing the company’s H share capital by approximately 17.17%. The proceeds from this issuance are intended to enhance ZTE’s R&D investments in computility products, potentially strengthening its market position and innovation capabilities.
The most recent analyst rating on (HK:0763) stock is a Hold with a HK$25.00 price target. To see the full list of analyst forecasts on ZTE stock, see the HK:0763 Stock Forecast page.
More about ZTE
ZTE Corporation is a joint stock limited company incorporated in the People’s Republic of China, primarily operating in the telecommunications industry. The company is known for its comprehensive range of telecommunications equipment and systems, including wireless, exchange, access, optical transmission, and data telecommunications gear, as well as mobile phones. ZTE focuses on providing innovative technology solutions and services to a global market.
YTD Price Performance: 11.70%
Average Trading Volume: 10,231,917
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$171.6B
See more insights into 0763 stock on TipRanks’ Stock Analysis page.