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Fujikon Industrial Holdings Limited ( (HK:0927) ) just unveiled an announcement.
Fujikon Industrial Holdings Limited has entered into a placing agreement with DL Securities (HK) Limited to issue up to 85,166,000 new shares under its general mandate at HK$0.54 per share, representing about 20% of its existing share capital and potentially raising maximum gross proceeds of approximately HK$45.99 million. The expected net proceeds of about HK$44.19 million are earmarked mainly for expanding its headsets and headphones operations, including machinery purchases and factory expansion in Indonesia, for upgrading its accessories and components business, and for general working capital, signaling a strategic push to scale manufacturing capacity and support ongoing business growth, although completion remains subject to conditions under the placing agreement.
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 industry, 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 is engaged in both existing operations and potential expansion of its audio products and components businesses.
Average Trading Volume: 73,454
Technical Sentiment Signal: Hold
Current Market Cap: HK$276.8M
Learn more about 0927 stock on TipRanks’ Stock Analysis page.