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Heng Tai Consumables Group ( (HK:0197) ) just unveiled an update.
Heng Tai Consumables Group Limited announced a placing and top-up subscription agreement involving 30,606,157 shares at HK$0.476 per share. The transaction aims to raise approximately HK$14.2 million in net proceeds, which will be used for refurbishing logistics centers, purchasing new equipment, expanding workforce, and general working capital. This move is expected to strengthen the company’s operational capabilities and market positioning, although the completion of the transaction is contingent upon certain conditions being met.
The most recent analyst rating on (HK:0197) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Heng Tai Consumables Group stock, see the HK:0197 Stock Forecast page.
More about Heng Tai Consumables Group
Heng Tai Consumables Group Limited is a company incorporated in the Cayman Islands, focusing on consumable goods. It operates within the logistics and processing sectors, with a market focus on enhancing its infrastructure in Shanghai and Dongguan.
Average Trading Volume: 966,845
Technical Sentiment Signal: Buy
Current Market Cap: HK$100M
Learn more about 0197 stock on TipRanks’ Stock Analysis page.