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An announcement from NWS Holdings ( (HK:0659) ) is now available.
NWS Holdings has announced the proposed issuance of HK$2,218,000,000 in exchangeable bonds due in 2028, which will be listed on the Vienna Stock Exchange. This strategic move aims to diversify the company’s funding sources and optimize its business portfolio, allowing it to capitalize on favorable market conditions and potentially divest its stake in Shoucheng at a premium. The net proceeds, approximately HK$2.25 billion, will be used for general corporate purposes, with a focus on investing in resilient and growth-oriented segments.
The most recent analyst rating on (HK:0659) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on NWS Holdings stock, see the HK:0659 Stock Forecast page.
More about NWS Holdings
Average Trading Volume: 1,224,341
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$31.36B
See more data about 0659 stock on TipRanks’ Stock Analysis page.