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EEKA Fashion Holdings Limited ( (HK:3709) ) just unveiled an announcement.
EEKA Fashion Holdings Limited and DL Holdings Group Limited have entered into a Strategic Cooperation and Investment Agreement, where DL Holdings will subscribe to new EEKA shares, representing approximately 0.65% of EEKA’s enlarged share capital. The proceeds from this subscription, amounting to HK$29.6 million, will be used for EEKA’s general working capital. Additionally, the agreement includes a plan to tokenize a portion of EEKA’s distributable profit for shareholder distribution, based on 10% of the audited revenue from NEXY.CO for the financial year ending December 2025.
The most recent analyst rating on (HK:3709) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on EEKA Fashion Holdings Limited stock, see the HK:3709 Stock Forecast page.
More about EEKA Fashion Holdings Limited
EEKA Fashion Holdings Limited is a company incorporated in the Cayman Islands, operating in the fashion industry. It focuses on the production and distribution of fashion products, with a notable brand in its portfolio being NEXY.CO.
Average Trading Volume: 1,272,800
Technical Sentiment Signal: Sell
Current Market Cap: HK$5.5B
See more insights into 3709 stock on TipRanks’ Stock Analysis page.