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Home Control International Limited ( (HK:1747) ) has issued an update.
Home Control International Limited has successfully completed the placement of 28,424,000 new shares, representing 5.31% of its enlarged share capital, at a price of HK$3.80 per share. The proceeds from this placement will be used to expand into the healthcare sector, where the company plans to develop AIoT technology for personal healthcare management, integrating hardware, software, and services to launch a new brand focused on home healthcare solutions.
The most recent analyst rating on (HK:1747) stock is a Hold with a HK$5.50 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, primarily operating in the smart remote control solutions industry. The company is expanding into the healthcare sector, leveraging its expertise in IoT technology to develop AIoT-enabled home healthcare platforms and products.
Average Trading Volume: 997,084
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.01B
For a thorough assessment of 1747 stock, go to TipRanks’ Stock Analysis page.