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Eternity Investment Limited Announces Share Placement Under General Mandate

Story Highlights
  • Eternity Investment Limited will place 20 million shares at HK$1.00 each through Great Bay Securities.
  • Proceeds will address debt repayment and operational needs for enhanced financial flexibility.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Eternity Investment Limited Announces Share Placement Under General Mandate

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Eternity Investment Limited ( (HK:0764) ) has provided an update.

Eternity Investment Limited, incorporated in Bermuda and listed on the Stock Exchange of Hong Kong, has entered into an agreement to place up to 20 million new shares at HK$1.00 per share through Great Bay Securities Limited. This move aims to raise gross proceeds of HK$20 million, with net proceeds of approximately HK$19.60 million allocated for debt repayment and general working capital, potentially adjusting its financial structure and boosting operational flexibility.

The most recent analyst rating on (HK:0764) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Eternity Investment Limited stock, see the HK:0764 Stock Forecast page.

More about Eternity Investment Limited

Average Trading Volume: 203,288

Technical Sentiment Signal: Hold

Current Market Cap: HK$382.9M

Learn more about 0764 stock on TipRanks’ Stock Analysis page.

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