Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
An announcement from Horizon Robotics Class B ( (HK:9660) ) is now available.
Horizon Robotics has announced a strategic financial maneuver involving the placement of existing shares and a top-up subscription of new shares under a general mandate. The company has entered into an agreement with existing shareholders and managers to sell and subscribe to shares at a price of HK$6.93 per share, representing a discount to recent trading prices. This move is expected to slightly dilute the existing share capital and voting rights but aims to strengthen the company’s capital base without requiring shareholder approval.
The most recent analyst rating on (HK:9660) stock is a Buy with a HK$6.10 price target. To see the full list of analyst forecasts on Horizon Robotics Class B stock, see the HK:9660 Stock Forecast page.
More about Horizon Robotics Class B
Average Trading Volume: 137,136,366
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$97.68B
For detailed information about 9660 stock, go to TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue