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E&P Global Holdings Limited ( (HK:1142) ) has provided an update.
E&P Global Holdings Limited has announced a placement of new shares under a general mandate, aiming to raise gross proceeds of HK$465,120,000. The net proceeds will be used primarily to repay liabilities, expand its trading business in energy commodities in Korea and the PRC, explore renewable energy opportunities, and for general working capital. The placement is subject to certain conditions and may not proceed, urging caution among shareholders and investors.
The most recent analyst rating on (HK:1142) stock is a Sell with a HK$0.50 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
E&P Global Holdings Limited is a company incorporated in the Cayman Islands, operating in the energy commodities sector. The company focuses on trading energy commodities such as diesel, gasoline, and coal, with a market presence in Korea and the People’s Republic of China (PRC).
Average Trading Volume: 46,294,526
Technical Sentiment Signal: Sell
Current Market Cap: HK$4.74B
See more data about 1142 stock on TipRanks’ Stock Analysis page.