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The latest update is out from China Overseas Nuoxin International Holdings Limited ( (HK:0464) ).
China In-Tech Limited announced a supplemental plan to issue new shares under a general mandate, aiming to raise approximately HK$102.9 million. The proceeds will be used for business development, debt repayment, and working capital. The company is expanding its focus on Web3.0 and blockchain technologies, anticipating significant growth in these areas. This strategic move aims to enhance their existing IT services by integrating Web3.0 capabilities, offering improved data analytics and settlement solutions. The company plans to invest in developing Web3.0 applications and recruit experienced personnel to support this expansion, positioning itself to capitalize on the growing demand for blockchain-based solutions.
The most recent analyst rating on (HK:0464) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Overseas Nuoxin International Holdings Limited stock, see the HK:0464 Stock Forecast page.
More about China Overseas Nuoxin International Holdings Limited
China In-Tech Limited is engaged in the design, manufacture, and sales of electrical haircare products and provides information technology system platform development services in the PRC. The company focuses on intelligent city management systems, retail management systems, and other management systems in the education and energy sectors.
Average Trading Volume: 9,772,237
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.1B
Learn more about 0464 stock on TipRanks’ Stock Analysis page.