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The latest update is out from Cocoon Holdings Limited ( (HK:0428) ).
Cocoon Holdings Limited has entered into a Placing Agreement with SFGHK Limited to issue up to 21,424,755 new shares, representing 20% of its existing share capital, at a price of HK$0.178 per share. The gross proceeds from this placement are expected to be approximately HK$3.8 million, with net proceeds of HK$3.7 million intended for investment in securities and general working capital. The placement price reflects a discount to recent trading prices, and the allotment will proceed under a General Mandate without requiring additional shareholder approval.
More about Cocoon Holdings Limited
Cocoon Holdings Limited is a company incorporated in the Cayman Islands and continued in Bermuda, operating with limited liability. It is listed on the Hong Kong Stock Exchange under the stock code 428.
Average Trading Volume: 699,428
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$23.14M
Find detailed analytics on 0428 stock on TipRanks’ Stock Analysis page.