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The latest announcement is out from Zhidao International (Holdings) ( (HK:1220) ).
Zhidao International (Holdings) Limited has announced a proposed issuance of convertible bonds under a general mandate. The company has conditionally agreed to issue bonds worth HK$11,000,000, convertible into 100,000,000 shares at an initial conversion price of HK$0.11. The issuance is designed to support daily operations and market expansion, particularly for road and construction projects in Indonesia. However, completion is contingent upon certain conditions being met, and shareholders are advised to exercise caution.
More about Zhidao International (Holdings)
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $21.86M
Learn more about 1220 stock on TipRanks’ Stock Analysis page.