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Guan Chao Holdings Limited ( (HK:1872) ) has shared an update.
Guan Chao Holdings Limited has revised the number of new shares to be placed from 112,300,000 to 90,195,000 under a general mandate. The proceeds from this placement, estimated at HK$383.96 million, will be allocated towards developing production lines, investing in hydrogen production equipment, expanding into hair growth products, and pursuing strategic mergers and acquisitions.
More about Guan Chao Holdings Limited
Guan Chao Holdings Limited is a company incorporated in the Cayman Islands, operating in the manufacturing sector. It focuses on the production of substrate materials, lithium niobate crystals, lithium tantalate growth crystals, and wafer films essential for chip production.
Average Trading Volume: 2,866,161
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.26B
For an in-depth examination of 1872 stock, go to TipRanks’ Overview page.