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Black Sesame International Holding Limited ( (HK:2533) ) has shared an update.
Black Sesame International Holding Limited has entered into a subscription agreement with an identified subscriber for 33,544,600 new shares at HK$18.88 each, representing about 4.99% of its existing issued share capital and 4.75% on an enlarged basis. The subscription price reflects a small discount to recent market prices, and the new shares carry an aggregate nominal value of US$3,354.46.
The company has also signed a placing agreement under which placing agents will use their best efforts to procure the subscriber and facilitate completion of the deal. Subject to regulatory approval and completion, the transaction is expected to raise gross proceeds of about HK$633.3 million, or net proceeds of roughly HK$631.0 million, strengthening the company’s capital base, though the deal remains conditional and may not proceed, prompting a cautionary note to shareholders and potential investors.
The most recent analyst rating on (HK:2533) stock is a Hold with a HK$21.00 price target. To see the full list of analyst forecasts on Black Sesame International Holding Limited stock, see the HK:2533 Stock Forecast page.
More about Black Sesame International Holding Limited
Black Sesame International Holding Limited is a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange under stock code 2533. The company operates in the capital markets as a listed issuer and raises funds through equity issuances, targeting investors in Hong Kong and other offshore markets outside the United States.
Average Trading Volume: 6,500,281
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$12.35B
See more data about 2533 stock on TipRanks’ Stock Analysis page.