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China Youran Dairy Group Limited ( (HK:9858) ) just unveiled an update.
China Youran Dairy Group Limited has completed a placing and top-up subscription transaction involving 299,250,000 existing shares placed to at least six independent investors at HK$3.92 per share, followed by the issuance of an equal number of new shares to the selling shareholder at the same price. The structure leaves the selling shareholder’s stake and investment cost in the company unchanged while providing the company with approximately HK$1,158.59 million in net proceeds, strengthening its capital base without creating any new substantial shareholder and potentially enhancing its financial flexibility for future corporate needs.
The most recent analyst rating on (HK:9858) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on China Youran Dairy Group Limited stock, see the HK:9858 Stock Forecast page.
More about China Youran Dairy Group Limited
China Youran Dairy Group Limited is a Hong Kong-listed company in the dairy sector, focusing on the production and supply of dairy-related products. Its shares trade on the Main Board of the Stock Exchange of Hong Kong under stock code 9858, and it raises capital in the equity markets to support its business development and operations.
Average Trading Volume: 31,263,466
Technical Sentiment Signal: Buy
Current Market Cap: HK$17.24B
Learn more about 9858 stock on TipRanks’ Stock Analysis page.