Acme International Announces New Share Placement Under General Mandate

Acme International Holdings Limited ( (HK:1870) ) has issued an update.

Acme International Holdings Limited announced a new share placement under a general mandate, involving up to 50,000,000 shares at a price of HK$0.238 each. This move represents approximately 5.34% of the existing share capital and aims to raise market value to HK$14,000,000. The placement is subject to conditions and aims to attract independent third-party investors, with no immediate substantial shareholder changes expected.

The most recent analyst rating on (HK:1870) stock is a Hold with a HK$0.50 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

Acme International Holdings Limited is a company incorporated in the Cayman Islands, operating with limited liability. It is listed on the Stock Exchange of Hong Kong under the stock code 1870. The company is involved in the financial sector, focusing on capital market activities.

Average Trading Volume: 3,411,547

Technical Sentiment Signal: Sell

Current Market Cap: HK$224.9M

Learn more about 1870 stock on TipRanks’ Stock Analysis page.