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The latest update is out from DL Holdings Group Limited ( (HK:1709) ).
DL Holdings Group Limited has announced a significant financial maneuver involving the placing of existing shares and a top-up subscription of new shares under a general mandate. This initiative, expected to generate approximately HK$973 million, involves the sale of existing shares and the issuance of new shares, representing a substantial portion of the company’s share capital. The move is coordinated by Guotai Junan Securities and DL Securities, targeting professional and institutional investors, and is likely to impact the company’s market position by potentially increasing its capital base and shareholder diversity.
The most recent analyst rating on (HK:1709) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on DL Holdings Group Limited stock, see the HK:1709 Stock Forecast page.
More about DL Holdings Group Limited
DL Holdings Group Limited is a company incorporated in the Cayman Islands, operating with limited liability. It is listed on the Hong Kong Stock Exchange under the stock code 1709.
Average Trading Volume: 63,767,745
Technical Sentiment Signal: Sell
Current Market Cap: HK$5.44B
For an in-depth examination of 1709 stock, go to TipRanks’ Overview page.