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Hong Kong ChaoShang Group Ltd. ( (HK:2322) ) has provided an update.
Hong Kong ChaoShang Group Ltd. announced a share placement agreement to issue up to 300,000,000 new shares at HK$0.1 each, representing a discount to recent trading prices. The placement aims to raise approximately HK$29.3 million net, intended for general working capital. The transaction, contingent on certain conditions, could impact the company’s capital structure by increasing the share capital by approximately 6.79%.
The most recent analyst rating on (HK:2322) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Hong Kong ChaoShang Group Ltd. stock, see the HK:2322 Stock Forecast page.
More about Hong Kong ChaoShang Group Ltd.
Average Trading Volume: 23,626,940
Technical Sentiment Signal: Sell
Current Market Cap: HK$531.6M
For a thorough assessment of 2322 stock, go to TipRanks’ Stock Analysis page.