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iDreamSky Technology Holdings Limited ( (HK:1119) ) has issued an announcement.
iDreamSky Technology Holdings Limited has announced the issuance of new shares under a General Mandate, involving two agreements: the Capitalization Agreement and the Subscription Agreement. These agreements will see the issuance of a total of 236,216,583 Subscription Shares at HKD1.098 per share, representing approximately 13.09% of the existing issued share capital. The move is designed to offset royalty fees and does not require further shareholder approval. The completion of these agreements is subject to certain conditions, and stakeholders are advised to exercise caution as the transactions may not proceed.
The most recent analyst rating on (HK:1119) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on iDreamSky Technology Holdings Limited stock, see the HK:1119 Stock Forecast page.
More about iDreamSky Technology Holdings Limited
iDreamSky Technology Holdings Limited is a company incorporated in the Cayman Islands, primarily involved in the technology sector. It focuses on digital entertainment services, including mobile games and other digital content, with a significant presence in the Chinese market.
YTD Price Performance: -62.96%
Average Trading Volume: 16,203,583
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.83B
For an in-depth examination of 1119 stock, go to TipRanks’ Overview page.