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Towngas China Co ( (HK:1083) ) has issued an update.
Towngas Smart Energy Company Limited announced an adjustment to the conversion price of its convertible bonds due to the issuance of scrip shares under a dividend scheme. This adjustment slightly decreases the conversion price, allowing for an increase in the maximum number of shares issued upon full conversion of the bonds. The company plans to apply for the listing of these additional shares on the Stock Exchange, maintaining its strategic financial flexibility and shareholder engagement.
The most recent analyst rating on (HK:1083) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on Towngas China Co stock, see the HK:1083 Stock Forecast page.
More about Towngas China Co
Towngas Smart Energy Company Limited operates in the energy sector, focusing on providing gas and renewable energy solutions. The company is involved in the issuance and management of convertible bonds and has a market focus on expanding its share issuance capabilities.
Average Trading Volume: 6,407,380
Technical Sentiment Signal: Buy
Current Market Cap: HK$13.93B
Learn more about 1083 stock on TipRanks’ Stock Analysis page.