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The latest announcement is out from FDB Holdings Limited ( (HK:1826) ).
FDB Holdings Limited plans to raise up to HK$40.5 million through a private placing of up to 266.4 million new shares under its existing general mandate. The new shares, representing about 20% of the current issued share capital and roughly 16.67% of the enlarged capital, will be placed to at least six independent investors at HK$0.152 per share, a roughly 19.9% discount to the last closing price but slightly above the recent five‑day average, subject to listing approval and other conditions, and will modestly dilute existing shareholders while strengthening the company’s capital base.
The most recent analyst rating on (HK:1826) stock is a Hold with a HK$0.18 price target. To see the full list of analyst forecasts on FDB Holdings Limited stock, see the HK:1826 Stock Forecast page.
More about FDB Holdings Limited
Average Trading Volume: 1,897,547
Technical Sentiment Signal: Buy
Current Market Cap: HK$259.7M
Learn more about 1826 stock on TipRanks’ Stock Analysis page.