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E&P Global Holdings Limited ( (HK:1142) ) has shared an update.
E&P Global Holdings Limited announced the full conversion of its remaining convertible notes, amounting to a principal value of US$184,290,000, into shares. This conversion resulted in the issuance of over 5.7 billion shares, ensuring that at least 25% of the company’s shares are held by the public, thus maintaining compliance with the listing rules. The conversion process involved independent third parties and was structured to prevent any concerted control over the company, ensuring transparency and adherence to regulatory requirements.
The most recent analyst rating on (HK:1142) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on E&P Global Holdings Limited stock, see the HK:1142 Stock Forecast page.
More about E&P Global Holdings Limited
E&P Global Holdings Limited is a company incorporated in the Cayman Islands, operating within the financial sector. The company is listed on the Hong Kong Stock Exchange and is involved in managing convertible notes and shares, focusing on maintaining a sufficient public float in compliance with listing rules.
Average Trading Volume: 9,595,560
Technical Sentiment Signal: Buy
Current Market Cap: HK$46B
See more insights into 1142 stock on TipRanks’ Stock Analysis page.