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Guangdong – Hong Kong Greater Bay Area Holdings Ltd. ( (HK:1396) ) has issued an announcement.
Guangdong – Hong Kong Greater Bay Area Holdings Ltd. has announced a new share subscription agreement under a general mandate. The company will issue 34,181,818 new shares, representing approximately 3.04% of its current share capital, at a subscription price of HK$5.5 per share, which is a slight discount to recent market prices. The total proceeds from this issuance are estimated to be HK$188 million, with net proceeds of HK$187.6 million intended for general working capital, primarily focusing on AI computing power cloud services projects, project construction settlements, and daily operating expenses.
The most recent analyst rating on (HK:1396) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on Guangdong – Hong Kong Greater Bay Area Holdings Ltd. stock, see the HK:1396 Stock Forecast page.
More about Guangdong – Hong Kong Greater Bay Area Holdings Ltd.
Average Trading Volume: 2,819,658
Technical Sentiment Signal: Buy
Current Market Cap: HK$6.6B
Learn more about 1396 stock on TipRanks’ Stock Analysis page.