The latest update is out from Momentum Financial Holdings Limited ( (HK:1152) ).
Momentum Financial Holdings Limited has announced a proposed debt restructuring plan involving the issuance of convertible bonds to capitalize outstanding debt owed to creditors. This arrangement, under a specific mandate, seeks to issue HK$91,534,164 in convertible bonds. The restructuring could significantly increase the creditors’ voting rights within the company, potentially obligating Rosy Benefit and the Creditors Concert Group to make a mandatory cash offer for all shares not owned by them unless a Whitewash Waiver is granted. The successful execution of this plan depends on the waiver’s approval by independent shareholders and regulatory bodies.
More about Momentum Financial Holdings Limited
YTD Price Performance: -6.25%
Average Trading Volume: 6,482,571
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$73.65M
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