Vobile Group to Issue HK$234 Million Zero Coupon Convertible Bonds

Vobile Group ( (HK:3738) ) has issued an announcement.

Vobile Group Limited announced the proposed issue of zero coupon convertible bonds worth HK$234,080,000 due 2028 under a general mandate. The bonds, convertible into 56,000,000 shares, reflect a premium compared to past share prices and are expected to raise approximately HK$229 million. This strategic financial move aims to bolster Vobile’s capital without requiring shareholder approval, potentially enhancing its market position and operational capacity.

More about Vobile Group

Vobile Group Limited is a company incorporated in the Cayman Islands, focusing on digital content protection and monetization solutions. They are listed on the Stock Exchange of Hong Kong with a stock code of 3738.

YTD Price Performance: -8.02%

Average Trading Volume: 14,791

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $1.24B

Learn more about 3738 stock on TipRanks’ Stock Analysis page.