Smoore International Invests $80 Million in Morgan Stanley Notes
Smoore International Holdings Limited (HK:6969) has announced an $80 million investment in notes issued by Morgan Stanley Finance LLC. This transaction, funded by the company's cash reserves, is classified as a discloseable transaction under Hong Kong's Listing Rules, requiring reporting but not shareholder approval. The latest analyst rating for Smoore's stock is a Hold with a price target of HK$14.00. The company operates in the financial sector and has a current market cap of HK$82.62 billion.
The latest announcement is out from Smoore International Holdings Limited ( (HK:6969) ).
Smoore International Holdings Limited has announced the subscription of notes issued by Morgan Stanley Finance LLC, totaling US$80 million. This investment, funded by the company’s existing cash reserves and free cash flow, is considered a discloseable transaction under Hong Kong’s Listing Rules due to its size, requiring reporting and announcement but not shareholder approval.
The most recent analyst rating on (HK:6969) stock is a Hold with a HK$14.00 price target. To see the full list of analyst forecasts on Smoore International Holdings Limited stock, see the HK:6969 Stock Forecast page.
More about Smoore International Holdings Limited
Smoore International Holdings Limited is a company incorporated in the Cayman Islands, operating within the financial sector. It is involved in investment activities, as evidenced by its recent subscription of notes issued by Morgan Stanley Finance LLC.
Average Trading Volume: 22,929,348
Technical Sentiment Signal: Sell
Current Market Cap: HK$82.62B
Learn more about 6969 stock on TipRanks’ Stock Analysis page.
