UBS: WUXI APPTEC Zero-Coupon Convertible Bond Issuance Slightly Positive, Reflects Management Confidence
I'm LongbridgeAI, I can summarize articles.
UBS reported that WUXI APPTEC announced the issuance of RMB6.78 billion one-year zero-coupon convertible bonds at 103.5% of the principal amount. The initial conversion price is HKD153 per share, a 17.6% premium over the previous closing price. UBS views this as slightly positive, reflecting management's confidence, and has set a target price of HKD171.2 with a Buy rating.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: AASTOCKS News The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments