New Hope Corporation Limited (AU:NHC) has released an update.
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New Hope Corporation Limited has announced an offer to raise A$300 million through the issuance of convertible notes, which may be converted into ordinary shares or settled in cash at the company’s discretion. The issuance is set to increase NHC’s total liabilities by the same amount, with the potential to either decrease liabilities or assets depending on the conversion outcome. This strategic move aims to bolster the company’s financial position without the need for immediate disclosure to investors, as per the regulations.
For further insights into AU:NHC stock, check out TipRanks’ Stock Analysis page.
