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An announcement from Cocoon Holdings Limited ( (HK:0428) ) is now available.
Cocoon Holdings Limited has entered into a Placing Agreement with SFGHK Limited to issue up to 17,853,962 new shares at HK$0.170 each, representing 20% of its existing share capital. The anticipated net proceeds of HK$2.9 million will be used for investments and general working capital, with the share price reflecting a discount from recent trading prices.
More about Cocoon Holdings Limited
Cocoon Holdings Limited is a company incorporated in the Cayman Islands and continued in Bermuda, focusing on investments in listed and unlisted securities.
Average Trading Volume: 438,748
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$17.05M
Find detailed analytics on 0428 stock on TipRanks’ Stock Analysis page.