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An update from Alco Holdings ( (HK:0328) ) is now available.
Alco Holdings Limited, a company incorporated in Bermuda, announced the results of its Rights Issue, offering four Rights Shares for every one Adjusted Share at a subscription price of HK$3.24 per Rights Share. The Rights Issue was fully subscribed, raising approximately HK$148.465 million in gross proceeds, with net proceeds of HK$143.938 million. The company plans to use these funds to repay bank borrowings and creditors, with the expectation of full utilization by March 2026. This successful capital raising effort is expected to strengthen Alco Holdings’ financial position and support its ongoing operations.
The most recent analyst rating on (HK:0328) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Alco Holdings stock, see the HK:0328 Stock Forecast page.
More about Alco Holdings
Average Trading Volume: 663,875
Technical Sentiment Signal: Sell
Current Market Cap: HK$163.8M
Find detailed analytics on 0328 stock on TipRanks’ Stock Analysis page.