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Kwong Luen Engineering Holdings Limited ( (HK:1413) ) has provided an update.
FEG Holdings Corporation Limited, incorporated in the Cayman Islands, announced the completion of a placing of 240,000,000 new shares under a general mandate. The placing, which was completed on December 1, 2025, raised approximately HK$19.0 million in net proceeds, which will be used for general working capital purposes such as rental payments, staff costs, and other administrative expenses. The new shares represent about 14.63% of the company’s enlarged share capital, and the placees are independent third parties, ensuring no substantial shareholder emerged from this transaction.
The most recent analyst rating on (HK:1413) stock is a Hold with a HK$0.09 price target. To see the full list of analyst forecasts on Kwong Luen Engineering Holdings Limited stock, see the HK:1413 Stock Forecast page.
More about Kwong Luen Engineering Holdings Limited
Average Trading Volume: 26,856,475
Technical Sentiment Signal: Hold
Current Market Cap: HK$135.8M
See more data about 1413 stock on TipRanks’ Stock Analysis page.