Tanwan Inc. Unveils Convertible Bond Plans for AI Expansion
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Tanwan Inc. plans to issue HK$468 million zero-coupon convertible bonds due 2027 to boost investments in AI-related businesses and equity ventures, aligning with its 'AI+Game' strategy. These bonds represent 3.79% of existing shares and offer a significant premium upon conversion. The latest analyst rating on ZX Inc. (HK:9890) stock is a Hold with a HK$18.00 price target.
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