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Infinity Development Holdings Co. Ltd. ( (HK:0640) ) has issued an update.
Infinity Development Holdings Co. Ltd. is advancing its dual primary listing in Hong Kong and Singapore, with the Singapore listing expected by the end of 2025. The company has entered into a Placing Mandate with a Placing Agent to issue up to 35.1 million new shares in Singapore, representing approximately 11.08% of its enlarged share capital. The minimum placing price is set at a discount to the current market price, aiming to raise approximately HK$79.09 million net proceeds.
The most recent analyst rating on (HK:0640) stock is a Buy with a HK$3.00 price target. To see the full list of analyst forecasts on Infinity Development Holdings Co. Ltd. stock, see the HK:0640 Stock Forecast page.
More about Infinity Development Holdings Co. Ltd.
Average Trading Volume: 164,846
Technical Sentiment Signal: Buy
Current Market Cap: HK$740.8M
Find detailed analytics on 0640 stock on TipRanks’ Stock Analysis page.