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Kiu Hung International Holdings Limited ( (HK:0381) ) just unveiled an announcement.
AOM International Group has clarified how it used funds raised through several 2023–2024 equity and convertible bond transactions, confirming that all proceeds were fully deployed by the end of 2024. The HK$44.5 million net proceeds from its February 2024 convertible bond placing were allocated as planned to build a Chinese medicinal herbs plantation base in Hubei, establish new TCM decoction pieces production lines, and provide general working capital, underscoring the group’s push into traditional Chinese medicine infrastructure. In addition, the company raised about HK$51.3 million via a September 2024 share placing to repay outstanding Hubei convertible bonds and bolster working capital, while two separate share issues in May and October 2024 capitalised loans owed to creditors, collectively improving the group’s balance sheet and clarifying its capital structure for investors.
The most recent analyst rating on (HK:0381) stock is a Hold with a HK$0.26 price target. To see the full list of analyst forecasts on Kiu Hung International Holdings Limited stock, see the HK:0381 Stock Forecast page.
More about Kiu Hung International Holdings Limited
AOM International Group Company Limited, incorporated in the Cayman Islands and continued in Bermuda, focuses part of its business on traditional Chinese medicine (TCM), including the development of a Chinese medicinal herbs plantation base in Hubei and new TCM decoction pieces production lines. The group also engages in various financing activities on the Hong Kong market, including placements of shares and convertible bonds to support its operational and capital needs.
Average Trading Volume: 2,993,635
Technical Sentiment Signal: Sell
Current Market Cap: HK$197M
Find detailed analytics on 0381 stock on TipRanks’ Stock Analysis page.