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Acme International Holdings Limited ( (HK:1870) ) has provided an update.
Acme International Holdings Limited has announced a new share placement under a general mandate, involving the issuance of up to 30,000,000 new shares at a price of HK$0.55 per share. This move represents approximately 3.04% of the company’s existing issued share capital and is aimed at raising funds through independent third-party investors. The completion of this placement is contingent upon certain conditions being met, and the company has applied for the listing of these new shares.
The most recent analyst rating on (HK:1870) stock is a Hold with a HK$0.53 price target. To see the full list of analyst forecasts on Acme International Holdings Limited stock, see the HK:1870 Stock Forecast page.
More about Acme International Holdings Limited
Average Trading Volume: 4,160,245
Technical Sentiment Signal: Hold
Current Market Cap: HK$552.8M
Find detailed analytics on 1870 stock on TipRanks’ Stock Analysis page.