Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
The latest update is out from Fire Rock Holdings Ltd ( (HK:1909) ).
Fire Rock Holdings Ltd announced the results of its Rights Issue, revealing that approximately 45.78% of the offered 96,000,000 Rights Shares were subscribed. The remaining 54.22% of unsubscribed shares will be offered to independent placees through compensatory arrangements, with any premium gained benefiting shareholders. The Rights Issue’s success is contingent on the fulfillment of certain conditions, including the Underwriting Agreement becoming unconditional.
The most recent analyst rating on (HK:1909) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Fire Rock Holdings Ltd stock, see the HK:1909 Stock Forecast page.
More about Fire Rock Holdings Ltd
Fire Rock Holdings Ltd operates in the financial sector, focusing on investment and asset management services. The company is involved in various market activities, including rights issues to raise capital and manage shareholder interests.
Average Trading Volume: 178,836
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$469.4M
For an in-depth examination of 1909 stock, go to TipRanks’ Overview page.