Bonny International Holding Ltd. (HK:1906) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Bonny International Holding Limited announces a proposed Rights Issue aiming to raise approximately HK$73.5 million by offering one new share for every four held by qualifying shareholders, excluding certain investors. The funds raised are designated for general working capital, acquisition of equipment, and research and development. Maximax Holding Corporation has committed to fully participate in the Rights Issue, aligning with its 52.88% ownership in the company.
For further insights into HK:1906 stock, check out TipRanks’ Stock Analysis page.