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The latest update is out from Huanxi Media Group Ltd. ( (HK:1003) ).
Huanxi Media Group Ltd. announced the subscription of new shares and the issuance of warrants. The company has agreed to issue 548,470,854 new shares at a price of HK$0.30 each, representing a discount to recent trading prices, and plans to issue warrants at an effective price of HK$0.45, which is a premium over recent trading prices. These financial maneuvers are intended to raise capital and potentially strengthen the company’s market position.
The most recent analyst rating on (HK:1003) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Huanxi Media Group Ltd. stock, see the HK:1003 Stock Forecast page.
More about Huanxi Media Group Ltd.
Average Trading Volume: 14,281,484
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$1.1B
See more insights into 1003 stock on TipRanks’ Stock Analysis page.