FDB Holdings Slightly Raises Placing Price, Targets HK$39.9 Million for Expansion and Balance Sheet Support

FDB Holdings Limited ( (HK:1826) ) has provided an announcement.

FDB Holdings Limited has entered into a supplemental placing agreement to slightly increase the placing price of new shares from HK$0.152 to HK$0.153 per share under its general mandate, representing a 19.5% discount to the last closing price but a small premium to the recent five-day average. The revised placing is expected to raise gross proceeds of about HK$40.8 million and net proceeds of approximately HK$39.9 million, which the company plans to deploy across headquarters expansion and upgrades, salary support for business growth, covering shareholders’ deficit, professional fees and other operating expenses, signalling an effort to strengthen its financial position and operational capacity while resuming trading in its shares after a temporary halt.

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

FDB Holdings Limited is a company incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange. While the announcement does not detail its specific business activities, the company raises capital through share placings under a general mandate, indicating reliance on equity financing from the Hong Kong capital market to support its operations and expansion plans.

Average Trading Volume: 1,931,886

Technical Sentiment Signal: Buy

Current Market Cap: HK$259.7M

For detailed information about 1826 stock, go to TipRanks’ Stock Analysis page.