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Home Control International Limited ( (HK:1747) ) has provided an update.
Home Control International Limited has announced the placement of 28,424,000 new shares under a general mandate, aiming to raise approximately HK$108 million in gross proceeds. The placement, priced at HK$3.80 per share, represents a significant discount to recent trading prices and is expected to enhance the company’s capital base without requiring shareholder approval, potentially impacting its market positioning and investor relations.
The most recent analyst rating on (HK:1747) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on Home Control International Limited stock, see the HK:1747 Stock Forecast page.
More about Home Control International Limited
Home Control International Limited is a company incorporated in the Cayman Islands, operating within the technology sector. It focuses on providing innovative solutions and products, potentially including smart home devices and related services.
Average Trading Volume: 1,016,574
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.39B
For a thorough assessment of 1747 stock, go to TipRanks’ Stock Analysis page.