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Momentum Financial Extends Settlement Agreement Deadline Amid Delays

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Momentum Financial Extends Settlement Agreement Deadline Amid Delays

Momentum Financial Holdings Limited ( (HK:1152) ) just unveiled an announcement.

Momentum Financial Holdings Limited has announced an extension of the long stop date for its Settlement Agreement with creditors, now set for June 30, 2025. This extension is necessary as none of the conditions precedent have been fulfilled, and the company is negotiating amendments to address concerns about the dilution effect of Convertible Bonds. Additionally, there is a further delay in the dispatch of the circular related to the debt restructuring and associated agreements, with the new dispatch date approved for February 28, 2025.

More about Momentum Financial Holdings Limited

YTD Price Performance: 61.25%

Average Trading Volume: 1,699,379

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$126.7M

See more data about 1152 stock on TipRanks’ Stock Analysis page.

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