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An announcement from HK Asia Holdings Limited ( (HK:1723) ) is now available.
HK Asia Holdings Limited has announced the proposed issue of new shares and convertible notes under a general mandate. The company plans to issue 3,272,000 subscription shares and convertible notes with a principal amount of HK$52,377,600. The proceeds from these issues are expected to be approximately HK$65,498,320, with net proceeds of around HK$64,188,354. The funds will be used as outlined in their announcement, and applications for listing the subscription and conversion shares will be made to the Stock Exchange. However, the completion of these subscriptions is subject to conditions, and there is no guarantee they will proceed.
More about HK Asia Holdings Limited
YTD Price Performance: 1476.67%
Average Trading Volume: 3,868,132
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.89B
For a thorough assessment of 1723 stock, go to TipRanks’ Stock Analysis page.
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