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International Business Settlement Holdings Limited ( (HK:0147) ) has provided an update.
International Business Settlement Holdings Limited has entered into agreements to issue new shares under a general mandate. The company has agreed to allot and issue 2,782,330,000 new shares at a price of HK$0.18 per share, representing a significant portion of its existing and enlarged share capital. This move is aimed at raising capital, but the completion of the subscription is contingent upon fulfilling certain conditions, and there is no guarantee it will proceed. Stakeholders are advised to exercise caution.
The most recent analyst rating on (HK:0147) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on International Business Settlement Holdings Limited stock, see the HK:0147 Stock Forecast page.
More about International Business Settlement Holdings Limited
Average Trading Volume: 27,496,310
Technical Sentiment Signal: Buy
Current Market Cap: HK$4.06B
For a thorough assessment of 0147 stock, go to TipRanks’ Stock Analysis page.