tiprankstipranks
Trending News
More News >

Guan Chao Holdings Limited Announces Share Placement to Fund Strategic Initiatives

Story Highlights
Guan Chao Holdings Limited Announces Share Placement to Fund Strategic Initiatives

Don’t Miss TipRanks’ Half-Year Sale

Guan Chao Holdings Limited ( (HK:1872) ) has issued an update.

Guan Chao Holdings Limited has announced a placement of new shares under a general mandate, with plans to issue up to 112,300,000 shares at a price of HK$4.30 each. The proceeds, estimated at approximately HK$478.06 million after expenses, will be used for various strategic initiatives, including developing production lines for chip manufacturing, investing in hydrogen production equipment, expanding a new hair growth product business, and enhancing working capital.

More about Guan Chao Holdings Limited

Average Trading Volume: 3,869,635

Technical Sentiment Signal: Buy

Current Market Cap: HK$2.3B

See more data about 1872 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1