Ban Loong Holdings Announces HK$92 Million Share Placing for Expansion

An announcement from Ban Loong Holdings Limited ( (HK:0030) ) is now available.

Ban Loong Holdings Limited has announced a supplemental update regarding its recent share placing under a general mandate. The company estimates net proceeds of approximately HK$92 million from the placing, which will be used primarily for general working capital and potential future investments or expansions. The company has experienced significant growth, with revenue increasing from HK$180 million in 2022 to HK$755 million in 2024, and aims to sustain and develop its trading business further. The proceeds are expected to be utilized within 2025, supporting the company’s strategy to capitalize on growth opportunities.

More about Ban Loong Holdings Limited

Ban Loong Holdings Limited is engaged in the trading of goods and commodities, as well as providing professional services such as product registration and promotion. The company operates in sectors including e-commerce trading, raw material trading for healthcare products in China, and distribution of products manufactured by its controlling shareholder, Yunnan Baiyao Group, to overseas markets.

YTD Price Performance: 5.14%

Average Trading Volume: 1,755,569

Technical Sentiment Signal: Hold

Current Market Cap: HK$1.28B

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