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Dmall Inc. ( (HK:2586) ) has issued an announcement.
Dmall Inc. has completed the placing of existing shares and a top-up subscription of new shares, raising approximately HK$388 million. The proceeds will be used to repay loans, invest in R&D for stablecoins and blockchain technology, and expand existing business operations. This move aligns with the company’s strategy to enhance payment efficiency and reduce transaction costs, supported by the Hong Kong Government’s policy on digital asset innovation.
The most recent analyst rating on (HK:2586) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on Dmall Inc. stock, see the HK:2586 Stock Forecast page.
More about Dmall Inc.
Dmall Inc. is a company incorporated in the British Virgin Islands, focusing on stablecoin and blockchain payments, with a strategic interest in contributing to the Web3 ecosystem in Hong Kong.
Average Trading Volume: 11,672,857
Technical Sentiment Signal: Strong Buy
For an in-depth examination of 2586 stock, go to TipRanks’ Overview page.