Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Fujikon Industrial Holdings Limited ( (HK:0927) ) has shared an update.
Fujikon Industrial Holdings has completed a share placing under its general mandate, issuing 85,166,000 new shares at HK$0.54 each to at least six independent investors, representing about 16.67% of its enlarged share capital and diluting existing shareholders proportionately without creating any new substantial shareholder. The placing raised net proceeds of approximately HK$44.19 million, which the company plans to deploy mainly to expand and upgrade its headsets, headphones, accessories and components businesses — including machinery purchases and factory renovations, particularly in Indonesia — with the remainder earmarked for working capital, signalling a balance-sheet-funded push to enhance production capacity and operational flexibility through to the end of March 2027.
The most recent analyst rating on (HK:0927) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Fujikon Industrial Holdings Limited stock, see the HK:0927 Stock Forecast page.
More about Fujikon Industrial Holdings Limited
Fujikon Industrial Holdings Limited operates in the electronics manufacturing sector, focusing on the design and production of headsets, headphones, and related accessories and components. The group maintains manufacturing facilities, including a plant in Indonesia, and targets global brand customers seeking OEM/ODM audio products and supporting parts.
Average Trading Volume: 119,333
Technical Sentiment Signal: Sell
Current Market Cap: HK$264M
For detailed information about 0927 stock, go to TipRanks’ Stock Analysis page.