No Data
Hong Kong stocks are experiencing fluctuations | Most AI Concept stocks are rising, Kingsoft Cloud (03896) is up over 8%, and Mifold (02556) is up over 7%.
Most AI Concept stocks have risen. As of the time of writing, Kingsoft Cloud (03896) is up 8.02%, priced at 7 Hong Kong dollars; Mai Fushi (02556) is up 7.06%, priced at 41.7 Hong Kong dollars.
Does Kingsoft (HKG:3888) Have A Healthy Balance Sheet?
Kingsoft Completes Full Redemption of Convertible Bonds
KINGSOFT (03888.HK) will fully redeem the outstanding convertible Bonds at maturity.
On April 29, Glonghui announced that KINGSOFT (03888.HK) issued 3.1 billion Hong Kong dollars of convertible Bonds due in 2025 to subscribers; according to the terms and conditions of the convertible Bonds, on April 29, 2025 (the maturity date of the convertible Bonds), the company has fully redeemed approximately 826 million Hong Kong dollars of the outstanding convertible Bonds along with all accrued and unpaid interest and fees. Therefore, after the aforementioned redemption, there are no outstanding issued convertible Bonds, and the convertible Bonds have been canceled as of the date of this announcement and have been withdrawn from the Hong Kong Exchange.
The market may reach a critical juncture in the short term, with Banks and Electrical Utilities showing repeated activity, and the Technology Sector poised to take off.
Track the entire lifecycle of the main Sector.
Technology stocks are rebounding, while high-profile stocks are collectively "cooling down". The market may enter a critical period for switching between high and low performances.
Track the entire lifecycle of the main Sector.
