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Far East Holdings International Ltd. ( (HK:0036) ) has shared an announcement.
Far East Holdings International Ltd. has announced a placing of new shares under a general mandate and a connected transaction at the subsidiary level. On June 17, 2025, the company entered into a Placing Agreement with Kingston Securities Limited to issue 65,346,000 new shares at a discounted price of HK$0.344 per share. The transaction is expected to raise approximately HK$21.62 million, which will be used for general working capital, including loan repayment. The agreement is considered a connected transaction due to the involvement of Mrs. Chu, a substantial shareholder of a subsidiary, and has been approved by the company’s directors as fair and reasonable. The completion of the placing is subject to certain conditions, and stakeholders are advised to exercise caution.
More about Far East Holdings International Ltd.
YTD Price Performance: 12.33%
Average Trading Volume: 497,886
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$134M
See more insights into 0036 stock on TipRanks’ Stock Analysis page.