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FAR International Holdings Group Company Limited ( (HK:2516) ) has shared an announcement.
FAR International Holdings Group Company Limited has successfully completed the placement of 156,000,000 new shares under a general mandate, representing approximately 16.67% of the company’s enlarged share capital. The net proceeds of approximately HK$69.62 million from this placement will be used to strengthen the development of its existing logistics business and for general working capital, indicating a strategic focus on expanding its operational capabilities.
The most recent analyst rating on (HK:2516) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on FAR International Holdings Group Company Limited stock, see the HK:2516 Stock Forecast page.
More about FAR International Holdings Group Company Limited
Average Trading Volume: 925,678
Technical Sentiment Signal: Sell
Current Market Cap: HK$458.4M
See more data about 2516 stock on TipRanks’ Stock Analysis page.