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An announcement from DTXS Silk Road Investment Holdings Company Limited ( (HK:0620) ) is now available.
DTXS Silk Road Investment Holdings Company Limited has announced a plan to place 3.85% convertible bonds due in 2028, under a specific mandate, with Cheong Lee Securities Limited acting as the placing agent. The company aims to raise up to HK$323 million through this placement, which will involve the issuance of convertible bonds that can be converted into shares. This move is intended to strengthen the company’s financial position and enhance its capital structure, potentially impacting its market positioning by increasing its share capital by up to 29.80%. The success of this placement is contingent upon shareholder approval and market conditions.
The most recent analyst rating on (HK:0620) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on DTXS Silk Road Investment Holdings Company Limited stock, see the HK:0620 Stock Forecast page.
More about DTXS Silk Road Investment Holdings Company Limited
DTXS Silk Road Investment Holdings Company Limited is a company incorporated in Bermuda, focusing on investment activities. It operates within the financial sector, engaging in activities such as securities and asset management, with a market focus on investments that align with the Silk Road economic initiative.
Average Trading Volume: 4,111,204
Technical Sentiment Signal: Buy
Current Market Cap: HK$745M
Learn more about 0620 stock on TipRanks’ Stock Analysis page.