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Guan Chao Holdings Revises Share Placement and Allocates Proceeds for Strategic Growth

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Guan Chao Holdings Revises Share Placement and Allocates Proceeds for Strategic Growth

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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.

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