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Vobile Group ( (HK:3738) ) has issued an update.
Vobile Group Limited announced the proposed issuance of HK$98,800,000 zero coupon convertible bonds due 2028 under a general mandate. The bonds, which do not bear any interest, are convertible into shares at a premium to the current share price, and the proceeds are estimated to be HK$97 million. The issuance does not require shareholder approval, and the conversion shares will be listed on the Stock Exchange.
The most recent analyst rating on (HK:3738) stock is a Buy with a HK$5.40 price target. To see the full list of analyst forecasts on Vobile Group stock, see the HK:3738 Stock Forecast page.
More about Vobile Group
Vobile Group Limited is a company incorporated in the Cayman Islands, operating in the technology sector. It is listed on the Hong Kong Stock Exchange under the stock code 3738.
Average Trading Volume: 20,383,125
Technical Sentiment Signal: Buy
Current Market Cap: HK$7.74B
See more data about 3738 stock on TipRanks’ Stock Analysis page.