Eminence Enterprise Raises HK$37 Million Through Share Placing to Refinance Bank Debt

Eminence Enterprise Limited ( (HK:0616) ) has provided an announcement.

Eminence Enterprise Limited has completed a placing of 115.88 million new shares under its general mandate at HK$0.32 per share, representing about 6.21% of its enlarged issued share capital. The shares were allotted to six independent placees, none of whom became substantial shareholders or connected persons, and are subject to a lock-up preventing disposals before 31 May 2026. The transaction increases the company’s total issued shares to roughly 1.87 billion and raises gross proceeds of HK$37.08 million, with net proceeds of about HK$36.71 million earmarked for repayment and refinancing of existing bank loans, which should strengthen the group’s capital structure and reduce financing pressure for stakeholders.

The most recent analyst rating on (HK:0616) stock is a Hold with a HK$0.36 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 Bermuda-incorporated company listed on the Hong Kong Stock Exchange under stock code 616. The announcement references Easyknit and its subsidiaries as shareholders, indicating a connection to a broader investment or property-related group, but the specific core business, products, or services of Eminence Enterprise are not detailed in the release.

Average Trading Volume: 10,810,673

Technical Sentiment Signal: Hold

Current Market Cap: HK$569.2M

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