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An update from Cocoon Holdings Limited ( (HK:0428) ) is now available.
Cocoon Holdings Limited has successfully completed the placement of 21,424,755 new shares under a general mandate, raising approximately HK$3.7 million in net proceeds. The shares were placed to at least six independent third-party investors, none of whom have become substantial shareholders. The funds raised will be used as previously announced, and the company’s shareholding structure has been adjusted accordingly.
More about Cocoon Holdings Limited
Cocoon Holdings Limited is a company incorporated in the Cayman Islands and continued in Bermuda with limited liability. It is listed on the Hong Kong Stock Exchange under the stock code 428.
Average Trading Volume: 1,325,887
Technical Sentiment Signal: Sell
Current Market Cap: HK$25.92M
Find detailed analytics on 0428 stock on TipRanks’ Stock Analysis page.