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The latest update is out from Sprocomm Intelligence Limited ( (HK:1401) ).
Future Machine Limited, a company incorporated in the Cayman Islands, has announced the results of its Rights Issue, which was under-subscribed. Out of the 500,000,000 Rights Shares offered, only approximately 61.83% were subscribed, leaving 190,845,690 shares unsubscribed. The company has arranged to place these unsubscribed shares with independent placees through a Placing Agent on a best effort basis. Any premium realized from this placement will be distributed to shareholders who did not take action, on a pro-rata basis. The final results of the Rights Issue and the placement will be announced on November 10, 2025.
The most recent analyst rating on (HK:1401) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Sprocomm Intelligence Limited stock, see the HK:1401 Stock Forecast page.
More about Sprocomm Intelligence Limited
Average Trading Volume: 5,766,292
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.1B
For detailed information about 1401 stock, go to TipRanks’ Stock Analysis page.