TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
An announcement from Howkingtech International Holding Limited ( (HK:2440) ) is now available.
Howkingtech International Holding Limited announced that it has entered into five Subscription Agreements to issue a total of 49,049,824 new shares at a price of HK$1.714 per share. This issuance, which represents approximately 13.33% of the existing share capital, is under the General Mandate and does not require shareholder approval. The transaction is expected to raise approximately US$10.82 million. This strategic move could potentially strengthen the company’s financial position and market presence, although the completion of these subscriptions is subject to certain conditions.
More about Howkingtech International Holding Limited
Average Trading Volume: 781,956
Technical Sentiment Signal: Hold
Current Market Cap: HK$802.2M
See more data about 2440 stock on TipRanks’ Stock Analysis page.