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Anchorstone Holdings Limited ( (HK:1592) ) has issued an update.
Anchorstone Holdings Limited has announced a strategic financial maneuver involving the placement of new shares under a general mandate and a proposed share consolidation. The company plans to place up to 482,590,000 new shares at HK$0.025 each, potentially raising approximately HK$11.47 million in net proceeds. These funds are intended to repay bank loans, settle other debts, and provide general working capital. The move is expected to strengthen the company’s financial position and broaden its shareholder base, although the completion of the placement is not guaranteed.
More about Anchorstone Holdings Limited
Average Trading Volume: 3,063,442
Technical Sentiment Signal: Sell
Current Market Cap: HK$72.39M
Learn more about 1592 stock on TipRanks’ Stock Analysis page.