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Eminence Enterprise Limited ( (HK:0616) ) has provided an announcement.
Eminence Enterprise Limited announced the successful completion of its share placement under the General Mandate, issuing 20,000,000 new shares to an independent placee at HK$0.30 per share, generating net proceeds of approximately HK$5.94 million. The funds will primarily be allocated towards general working capital, including staff salaries, utilities, and professional fees, over the coming one to two months, with minimal impact on the company’s overall shareholding structure.
The most recent analyst rating on (HK:0616) stock is a Hold with a HK$0.38 price target. To see the full list of analyst forecasts on Eminence Enterprise Limited stock, see the HK:0616 Stock Forecast page.
More about Eminence Enterprise Limited
Eminence Enterprise Limited operates in Hong Kong and is incorporated in Bermuda. The company focuses on commercial activities and general enterprise operations. Its primary market focus and industry details are not specified within the provided text.
Average Trading Volume: 9,121,863
Technical Sentiment Signal: Hold
Current Market Cap: HK$557.6M
For detailed information about 0616 stock, go to TipRanks’ Stock Analysis page.