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3SBio ( (HK:1530) ) has provided an update.
3SBio, a company incorporated in the Cayman Islands, has announced a strategic move to place 105,169,500 new shares under a general mandate. The shares will be placed at a price of HK$29.62 per share, representing a discount to recent market prices. This placement is expected to raise approximately HK$3,086.84 million in net proceeds, which could potentially enhance the company’s financial position and market presence. The transaction is contingent upon approval from the Stock Exchange’s Listing Committee, and stakeholders are advised to exercise caution as the deal may not proceed.
The most recent analyst rating on (HK:1530) stock is a Hold with a HK$32.00 price target. To see the full list of analyst forecasts on 3SBio stock, see the HK:1530 Stock Forecast page.
More about 3SBio
Average Trading Volume: 34,151,169
Technical Sentiment Signal: Buy
Current Market Cap: HK$76.04B
See more data about 1530 stock on TipRanks’ Stock Analysis page.