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The latest announcement is out from Hang Yick Holdings Company Limited ( (HK:1894) ).
Hang Yick Holdings Company Limited has announced a capital reorganization and fund-raising initiative, which includes a share consolidation, an increase in authorized share capital, and a rights issue. The share consolidation will convert every twenty shares into one consolidated share, while the increase in authorized share capital will double the company’s share capacity. The rights issue aims to raise approximately HK$84.7 million, offering four rights shares for every consolidated share held. This move is expected to enhance the company’s financial flexibility and support its strategic growth plans.
The most recent analyst rating on (HK:1894) stock is a Hold with a HK$0.03 price target. To see the full list of analyst forecasts on Hang Yick Holdings Company Limited stock, see the HK:1894 Stock Forecast page.
More about Hang Yick Holdings Company Limited
Hang Yick Holdings Company Limited is a company incorporated in the Cayman Islands, operating in the financial sector. It is listed on the Hong Kong Stock Exchange and engages in capital reorganization and fund-raising activities.
Average Trading Volume: 3,619,655
Technical Sentiment Signal: Sell
Current Market Cap: HK$29.48M
For a thorough assessment of 1894 stock, go to TipRanks’ Stock Analysis page.