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Add New Energy Investment Holdings Group Ltd. ( (HK:2623) ) has issued an update.
Add New Energy Investment Holdings Group Ltd. has completed a rights issue on the basis of one rights share for every two existing shares on a non-underwritten basis, with the offer becoming unconditional on 23 March 2026. The company received valid acceptances for about 95.8% of the 175,143,264 rights shares available and strong demand for excess rights shares.
Applications for excess rights shares reached roughly 280.2% of the available amount, resulting in an overall oversubscription of about 276.0% of the rights issue. Excess rights shares were allocated on a fair and equitable, largely pro-rata basis, indicating solid shareholder appetite for the stock and providing the company with reinforced equity support for its ongoing operations and strategic initiatives.
The most recent analyst rating on (HK:2623) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on Add New Energy Investment Holdings Group Ltd. stock, see the HK:2623 Stock Forecast page.
More about Add New Energy Investment Holdings Group Ltd.
Add New Energy Investment Holdings Group Ltd. is a Cayman Islands-incorporated company listed in Hong Kong. It operates in the new energy and related investment sector, using capital markets financing, including rights issues, to support its business and growth plans.
Average Trading Volume: 1,632,382
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.03B
See more data about 2623 stock on TipRanks’ Stock Analysis page.