International Entertainment Seeks HK$1.6 Billion in Convertible Notes and Whitewash Waiver
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International Entertainment Corporation (HK:1009) is seeking HK$1.6 billion through 3% convertible notes, with a meeting scheduled for February 26, 2026, to gain shareholder approval. The funds will help repay existing promissory notes of approximately HK$467.99 million. The company is also requesting a whitewash waiver from regulators to avoid a mandatory takeover offer upon conversion of the notes. The latest analyst rating for the stock is a Hold with a price target of HK$1.00. The company operates in the entertainment sector, focusing on gaming and interactive entertainment investments.
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