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NWS Holdings ( (HK:0659) ) has shared an announcement.
NWS Holdings has successfully issued HK$780 million worth of 4% convertible bonds due in 2025, which are expected to be listed on the Vienna Stock Exchange. These bonds have been allocated to at least six independent professional investors, and the company plans to use the net proceeds primarily for settling a portion of the group’s existing bonds or loans and for working capital needs. This strategic financial move could enhance NWS Holdings’ liquidity and potentially bolster its market standing by addressing existing financial obligations and providing working capital.
More about NWS Holdings
YTD Price Performance: -2.83%
Average Trading Volume: 491
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.86B
For detailed information about 0659 stock, go to TipRanks’ Stock Analysis page.
