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An update from Hope Life International Holdings Ltd. ( (HK:1683) ) is now available.
Hope Life International Holdings Ltd. has announced a placement of new shares under a general mandate. The company plans to place up to 141,040,000 shares at HK$0.60 each, which represents about 9.07% of its existing share capital. The gross proceeds are expected to be approximately HK$84.62 million, with net proceeds of around HK$83.63 million. The funds will be used for new construction projects, advertising for a new huangjiu product, and working capital for a new production plant. The placement is on a best effort basis and is subject to conditions outlined in the agreement.
More about Hope Life International Holdings Ltd.
Average Trading Volume: 6,146,836
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.04B
See more data about 1683 stock on TipRanks’ Stock Analysis page.