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An announcement from Hands Form Holdings Limited ( (HK:1920) ) is now available.
China Wacan Group Company Limited has successfully completed the placement of 62,400,000 new shares, representing approximately 16.67% of its enlarged share capital, at a price of HK$0.241 per share. The net proceeds of approximately HK$14,100,000 will be used to launch a new beauty business, including setting up beauty stores in major Chinese cities, renovating a new office, and as working capital, which could enhance the company’s market presence and diversify its business operations.
More about Hands Form Holdings Limited
Average Trading Volume: 1,830,436
Technical Sentiment Signal: Sell
Current Market Cap: HK$127.9M
For an in-depth examination of 1920 stock, go to TipRanks’ Overview page.