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HBM Holdings Ltd. ( (HK:2142) ) has issued an update.
HBM Holdings Limited, incorporated in the Cayman Islands, has announced a placing of new shares under a general mandate. The company has agreed to place 45,022,000 shares at a price of HK$11.50 per share, which represents various discounts and a slight premium compared to recent trading prices. This move is expected to raise gross proceeds of HK$517.8 million and net proceeds of HK$511.7 million, enhancing the company’s financial position. The placing is subject to certain conditions, and stakeholders are advised to exercise caution as the transaction may or may not proceed.
The most recent analyst rating on (HK:2142) stock is a Buy with a HK$17.00 price target. To see the full list of analyst forecasts on HBM Holdings Ltd. stock, see the HK:2142 Stock Forecast page.
More about HBM Holdings Ltd.
Average Trading Volume: 11,176,002
Technical Sentiment Signal: Buy
Current Market Cap: HK$11.21B
For an in-depth examination of 2142 stock, go to TipRanks’ Overview page.