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The latest announcement is out from Huayi Tencent Entertainment Co., Ltd. ( (HK:0419) ).
Huayi Tencent Entertainment Co., Ltd. has announced the completion of a subscription agreement for new shares under a general mandate, resulting in the issuance of 638,000,000 new shares. This move has adjusted the conversion price of its outstanding convertible bonds and increased the maximum number of shares issuable upon full conversion. The net proceeds from this subscription, approximately HK$24,662,000, will be allocated towards staff costs, office rental, professional fees, and general working capital. The completion of this subscription has altered the company’s shareholding structure, with the subscriber’s interest increasing from 0.29% to 4.77% of the enlarged issued share capital.
More about Huayi Tencent Entertainment Co., Ltd.
Average Trading Volume: 11,680,446
Technical Sentiment Signal: Sell
Current Market Cap: HK$557M
For a thorough assessment of 0419 stock, go to TipRanks’ Stock Analysis page.