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Howkingtech International Holding Limited ( (HK:2440) ) has provided an update.
Howkingtech International Holding Limited has announced a proposed rights issue to raise approximately HK$154.80 million by issuing up to 122,659,756 rights shares at a subscription price of HK$1.262 per share. This initiative aims to strengthen the company’s financial position without requiring minority shareholder approval, as it complies with the Hong Kong Stock Exchange’s listing rules. The rights issue is available only to qualifying shareholders and will proceed on a non-underwritten basis, potentially impacting the company’s market capitalization and shareholder structure.
More about Howkingtech International Holding Limited
Howkingtech International Holding Limited is a company incorporated in the Cayman Islands, operating in the technology sector. It is listed on the Hong Kong Stock Exchange under the stock code 2440.
Average Trading Volume: 1,005,863
Technical Sentiment Signal: Buy
For a thorough assessment of 2440 stock, go to TipRanks’ Stock Analysis page.