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E&P Global Holdings Limited ( (HK:1142) ) has shared an announcement.
E&P Global Holdings Limited has extended the period for placing new shares under its existing general mandate, allowing more time for its placing agent to secure investors. The company has kept all other terms of the placing agreement unchanged, including a placing price of HK$0.34 per share, which represents a substantial premium to both the latest closing price and recent average trading price, potentially signaling management’s confidence in the company’s valuation but leaving completion contingent on conditions precedent and the placing agent’s rights, which may affect capital-raising plans and dilution expectations for shareholders.
The most recent analyst rating on (HK:1142) stock is a Sell with a HK$0.31 price target. To see the full list of analyst forecasts on E&P Global Holdings Limited stock, see the HK:1142 Stock Forecast page.
More about E&P Global Holdings Limited
Average Trading Volume: 82,266,637
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.84B
For an in-depth examination of 1142 stock, go to TipRanks’ Overview page.