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Acme International Holdings Limited ( (HK:1870) ) has shared an update.
Acme International Holdings Limited announced a strategic move involving the placement and subscription of new shares. The company plans to issue up to 124.8 million new shares under a general mandate and 220 million shares under a specific mandate, with the latter involving a significant financial arrangement with Treasure Ship. This initiative aims to enhance the company’s capital structure and potentially strengthen its market position, though the completion of these transactions is contingent upon meeting certain conditions.
More about Acme International Holdings Limited
YTD Price Performance: -92.88%
Average Trading Volume: 16,892,723
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$81.74M
Find detailed analytics on 1870 stock on TipRanks’ Stock Analysis page.