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The latest update is out from Beijing SinoHytec Co., Ltd. Class H ( (HK:2402) ).
Beijing SinoHytec Co., Ltd. Class H has announced a placing agreement for new H shares under a general mandate. The company has entered into an agreement with a placing agent to procure at least six independent placees to subscribe for up to 8,880,000 new H shares. The placing shares represent approximately 3.83% of the company’s issued share capital and are expected to raise net proceeds of approximately HK$197.72 million. The completion of the placing is subject to certain conditions, and the company advises caution to shareholders and potential investors.
More about Beijing SinoHytec Co., Ltd. Class H
Average Trading Volume: 2,849,116
Technical Sentiment Signal: Buy
Current Market Cap: HK$7.03B
See more data about 2402 stock on TipRanks’ Stock Analysis page.