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EPI (Holdings) Limited ( (HK:0689) ) has issued an update.
EPI (Holdings) Limited has proposed a rights issue to raise up to approximately HK$198.2 million before expenses by offering two rights shares for every one existing share held by qualifying shareholders at a subscription price of HK$0.16 per rights share, which could result in the issuance of up to 1,238,487,808 new shares. The rights issue will be underwritten on a best-effort, non-fully underwritten basis, may be scaled down if undersubscribed, and will proceed regardless of the final subscription level, subject to conditions and independent shareholders’ approval by poll under Hong Kong Listing Rules, underscoring both the company’s push to strengthen its capital base and the need for minority investor consent given the potential increase of more than 50% in issued share capital.
The most recent analyst rating on (HK:0689) stock is a Hold with a HK$0.20 price target. To see the full list of analyst forecasts on EPI (Holdings) Limited stock, see the HK:0689 Stock Forecast page.
More about EPI (Holdings) Limited
EPI (Holdings) Limited is a Bermuda-incorporated company listed on the Hong Kong Stock Exchange under stock code 689. While the announcement does not specify its exact line of business, the company is a listed issuer operating in the Hong Kong capital market and subject to the Listing Rules, with a shareholder base that includes qualifying and excluded shareholders under Hong Kong regulations.
Average Trading Volume: 1,241,271
Technical Sentiment Signal: Sell
Current Market Cap: HK$118.9M
Find detailed analytics on 0689 stock on TipRanks’ Stock Analysis page.