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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.