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Eminence Enterprise Limited ( (HK:0616) ) has issued an update.
Eminence Enterprise Limited has announced a share placement involving up to 67,000,000 new shares at a price of HK$0.30 per share, facilitated by Constance Capital Limited as the placing agent. This transaction, which could potentially increase the company’s issued share capital by approximately 3.87%, is significant as the placing agent is a connected person due to its affiliation with Easyknit, which holds a substantial portion of the company’s convertible notes. The completion of this placing is contingent upon certain conditions, and stakeholders are advised to exercise caution as the transaction may not proceed.
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 is a company incorporated in Bermuda with limited liability, listed on the Hong Kong Stock Exchange under the stock code 616. The company is involved in placing new shares under a general mandate and has appointed a connected transaction in relation to the appointment of a placing agent.
Average Trading Volume: 8,993,420
Technical Sentiment Signal: Hold
Current Market Cap: HK$565.9M
Find detailed analytics on 0616 stock on TipRanks’ Stock Analysis page.