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An announcement from ArtGo Holdings Ltd. ( (HK:3313) ) is now available.
ArtGo Holdings Limited has completed a placing of 237,010,000 new shares under its general mandate at HK$0.106 per share, representing about 16.67% of its enlarged issued share capital. The placement, executed through an independent placing agent to at least six independent investors, raises gross proceeds of approximately HK$25.12 million (net HK$24.77 million), with roughly HK$3 million allocated to general working capital and about HK$21.77 million earmarked for repayment of current debts and interest, thereby slightly diluting existing shareholdings but strengthening the company’s liquidity and balance sheet profile without any new substantial shareholder emerging.
The most recent analyst rating on (HK:3313) stock is a Hold with a HK$0.16 price target. To see the full list of analyst forecasts on ArtGo Holdings Ltd. stock, see the HK:3313 Stock Forecast page.
More about ArtGo Holdings Ltd.
ArtGo Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands and traded on the Main Board of the Stock Exchange of Hong Kong under stock code 3313. The group operates through a broad shareholder base including executive directors, institutional investors and public shareholders, with its capital structure actively managed through equity placements under a general mandate.
Average Trading Volume: 857,165
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$174.2M
For a thorough assessment of 3313 stock, go to TipRanks’ Stock Analysis page.