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iDreamSky Technology Holdings Limited ( (HK:1119) ) has provided an update.
iDreamSky Technology Holdings Limited has completed the issuance of new shares under a general mandate, with a total of 236,216,583 Subscription Shares issued at HKD1.098 per share. This issuance, involving strategic shareholders and management, aims to provide financial support for the company’s business development and enhance its market positioning, resulting in a change in the company’s shareholding structure.
The most recent analyst rating on (HK:1119) stock is a Hold with a HK$1.50 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, focusing on high-tech industries such as artificial intelligence, big data, software services, pan-entertainment, consumer, and manufacturing industries. The company is supported by strategic shareholders and investment agencies that recognize its business development prospects.
Average Trading Volume: 17,676,142
Technical Sentiment Signal: Hold
Current Market Cap: HK$2.12B
Find detailed analytics on 1119 stock on TipRanks’ Stock Analysis page.