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An update from Da Yu Financial Holdings Limited ( (HK:1073) ) is now available.
Da Yu Financial Holdings Limited has announced a proposed rights issue to raise approximately HK$136.7 million. The company plans to issue up to 1,139,330,190 rights shares at a subscription price of HK$0.12 per share, on a one-for-two basis to qualifying shareholders. The net proceeds, estimated at HK$136.1 million, will be used primarily for the company’s margin financing business and general working capital. The rights issue will proceed on a non-underwritten basis and does not require shareholder approval, as it complies with the relevant listing rules. Shareholders are advised to exercise caution as the rights issue is subject to certain conditions, and their shareholdings may be diluted if they do not fully take up their entitlements.
More about Da Yu Financial Holdings Limited
Average Trading Volume: 422,310
Technical Sentiment Signal: Buy
Current Market Cap: HK$335M
For a thorough assessment of 1073 stock, go to TipRanks’ Stock Analysis page.