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Zhidao International (Holdings) ( (HK:1220) ) has shared an announcement.
Zhidao International (Holdings) Limited has successfully completed the issuance of convertible bonds amounting to HK$11,000,000 to Belt and Road EPC Limited Partnership Fund. The net proceeds of approximately HK$10,800,000 will be used for daily operations and to expand into local and overseas markets, including developing road and construction projects in Indonesia. This move is expected to impact the company’s shareholding structure and utilize a portion of the General Mandate, although it does not require shareholders’ approval.
More about Zhidao International (Holdings)
Zhidao International (Holdings) Limited is a company incorporated in Bermuda, focusing on the issuance of convertible bonds and engaging in market expansion activities, particularly in the road and construction sectors in Indonesia.
YTD Price Performance: -53.78%
Average Trading Volume: 769,521
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$108.9M
Find detailed analytics on 1220 stock on TipRanks’ Stock Analysis page.