Alco Holdings (HK:0328) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Alco Holdings Limited has successfully completed the placement of 19,090,000 new shares, raising approximately HK$65.2 million in net proceeds. These funds are earmarked for repaying debts and bolstering the company’s working capital. The share placement represents about 16.66% of the company’s enlarged share capital, attracting various independent professional and institutional investors.
For further insights into HK:0328 stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue