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Acme International Holdings Limited ( (HK:1870) ) has shared an update.
Acme International Holdings Limited has successfully completed the placing of 50 million new shares, raising approximately HK$11.6 million in net proceeds. The funds will be allocated equally towards the development of electricity trading and green power projects in the PRC, and for general working capital. This strategic move is expected to bolster the company’s operations and market positioning without significantly altering the current shareholding structure.
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 in the industry with a focus on electricity trading and green power energy projects, particularly in the People’s Republic of China (PRC).
Average Trading Volume: 4,401,984
Technical Sentiment Signal: Sell
Current Market Cap: HK$281.2M
Find detailed analytics on 1870 stock on TipRanks’ Stock Analysis page.