Bonjour Holdings to Raise HK$6 Million via New Share Issue

Bonjour Holdings ( (HK:0653) ) has shared an update.

Bonjour Holdings plans to issue 86 million new shares to an independent subscriber under its existing general mandate, at HK$0.07 per share, raising gross proceeds of about HK$6.02 million. The new shares represent roughly 4.81% of existing share capital and about 4.59% on an enlarged basis, with the company intending to use the net proceeds for general working capital.

The company will apply to the Hong Kong Stock Exchange for listing and permission to deal in the new shares, and completion of the subscription remains subject to conditions that may be fulfilled or waived. Investors are cautioned that the transaction may or may not proceed, underscoring a degree of uncertainty around the timing and finalisation of this capital-raising exercise.

The most recent analyst rating on (HK:0653) stock is a Buy with a HK$0.15 price target. To see the full list of analyst forecasts on Bonjour Holdings stock, see the HK:0653 Stock Forecast page.

More about Bonjour Holdings

Bonjour Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands and traded on the Main Board under stock code 653. The group operates in the retail sector, with its shares actively traded on the Stock Exchange of Hong Kong, and is subject to the exchange’s listing rules and disclosure obligations.

Average Trading Volume: 12,610,387

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$153.8M

Learn more about 0653 stock on TipRanks’ Stock Analysis page.