TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Kwong Luen Engineering Holdings Limited ( (HK:1413) ) has shared an announcement.
FEG Holdings Corporation Limited, a company incorporated in the Cayman Islands, announced the completion of a placing of 200,000,000 new shares under a general mandate. The shares were issued at a price of HK$0.063 each, raising net proceeds of approximately HK$12.1 million, which will be used for general working capital. The placing represents about 14.29% of the company’s enlarged share capital, with no placee becoming a substantial shareholder. This move is part of the company’s ongoing efforts to strengthen its financial position and support operational needs.
More about Kwong Luen Engineering Holdings Limited
Average Trading Volume: 21,344,607
Technical Sentiment Signal: Hold
Current Market Cap: HK$144M
For detailed information about 1413 stock, go to TipRanks’ Stock Analysis page.