Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
MMG ( (HK:1208) ) just unveiled an announcement.
MMG Limited has successfully completed the issuance of US$500 million zero-coupon convertible bonds due in 2030. The net proceeds of approximately US$494 million will be used to refinance the company’s offshore indebtedness, and the bonds are expected to be listed on the Hong Kong Stock Exchange, enhancing MMG’s financial flexibility and market presence.
The most recent analyst rating on (HK:1208) stock is a Hold with a HK$7.00 price target. To see the full list of analyst forecasts on MMG stock, see the HK:1208 Stock Forecast page.
More about MMG
Average Trading Volume: 67,307,572
Technical Sentiment Signal: Buy
Current Market Cap: HK$85.35B
See more insights into 1208 stock on TipRanks’ Stock Analysis page.