Kingsoft ( (HK:3888) ) just unveiled an update.
Kingsoft Corporation Limited announced the full redemption of its outstanding convertible bonds upon maturity. The company had previously issued HK$3.1 billion in convertible bonds, of which approximately 73.35% were converted into shares. The remaining bonds, amounting to approximately HK$826 million, were fully redeemed along with accrued interests, leading to their cancellation and delisting from the Hong Kong Stock Exchange. This move marks a significant financial maneuver for Kingsoft, potentially impacting its financial structure and signaling a strategic shift in its capital management.
More about Kingsoft
Kingsoft Corporation Limited is a company that operates in the technology industry, primarily focusing on software development and internet services. It is known for its products in office software and cloud services, catering to a diverse market with a focus on innovation and digital solutions.
YTD Price Performance: 15.21%
Average Trading Volume: 100
Technical Sentiment Signal: Sell
Current Market Cap: $6.3B
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