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The latest announcement is out from Alpha Professional Holdings Ltd. ( (HK:0948) ).
Alpha Professional Holdings Ltd. announced a placing and top-up subscription agreement involving the sale of up to 28 million existing shares and the issuance of an equivalent number of new shares at a price of HK$0.24 per share. The proceeds, estimated at HK$6.29 million after expenses, will be used to expand the company’s milk products business. The transaction represents a strategic move to bolster the company’s financial position and support its growth ambitions in the milk products sector.
The most recent analyst rating on (HK:0948) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Alpha Professional Holdings Ltd. stock, see the HK:0948 Stock Forecast page.
More about Alpha Professional Holdings Ltd.
Alpha Professional Holdings Ltd. is a company incorporated in Bermuda with limited liability, primarily engaged in the milk products business.
Average Trading Volume: 90,130
Technical Sentiment Signal: Hold
Current Market Cap: HK$90.81M
For a thorough assessment of 0948 stock, go to TipRanks’ Stock Analysis page.