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An announcement from Hands Form Holdings Limited ( (HK:1920) ) is now available.
China Wacan Group Company Limited, incorporated in the Cayman Islands, has announced a new share placement under a general mandate. The company aims to place up to 62,400,000 new shares at a price of HK$0.241 per share, representing a discount to recent trading prices. This move could potentially increase the company’s share capital by 16.67% if fully subscribed. The expected net proceeds of approximately HK$14,100,000 will be used for working capital and future business opportunities, although the completion of the placement is subject to certain conditions.
More about Hands Form Holdings Limited
Average Trading Volume: 1,299,089
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$87.36M
Find detailed analytics on 1920 stock on TipRanks’ Stock Analysis page.