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Karrie International Holdings Limited ( (HK:1050) ) has provided an update.
Karrie International Holdings Limited announced a proposed issue of convertible bonds worth HK$150,000,000, which will be subscribed by Mr. Ho Cheuk Fai, a connected person of the company. This transaction, subject to Independent Shareholders’ approval, is considered a connected transaction due to Mr. Ho’s roles as an executive Director, chairman, CEO, and controlling shareholder. The issuance of these bonds is expected to impact the company’s share capital, potentially increasing it by 3.13% upon full conversion. The company will seek a Specific Mandate from Independent Shareholders to proceed, with certain stakeholders abstaining from voting due to their interests.
The most recent analyst rating on (HK:1050) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Karrie International Holdings Limited stock, see the HK:1050 Stock Forecast page.
More about Karrie International Holdings Limited
Karrie International Holdings Limited is a company incorporated in Bermuda, primarily engaged in the manufacturing and distribution industry. It is known for its production and sale of various products, although specific details about its primary products or market focus are not provided in the announcement.
Average Trading Volume: 7,325,614
Technical Sentiment Signal: Buy
Current Market Cap: HK$5.24B
Learn more about 1050 stock on TipRanks’ Stock Analysis page.