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International Business Settlement Holdings Limited ( (HK:0147) ) has shared an announcement.
International Business Settlement Holdings Limited has completed a subscription agreement, issuing 2,782,330,000 new shares at HK$0.18 each, raising approximately HK$500.3 million. The proceeds will primarily be used for investment in a joint venture and other cryptocurrency-related businesses, including purchasing supercomputer servers and hosting services, with the funds expected to be fully utilized by September 2026. This move alters the company’s shareholding structure, with the new shares representing approximately 12.04% of the enlarged share capital.
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
International Business Settlement Holdings Limited is a company incorporated in Bermuda, focusing on financial services and investments, particularly in cryptocurrency-related businesses.
Average Trading Volume: 60,529,908
Technical Sentiment Signal: Buy
Current Market Cap: HK$6.5B
See more insights into 0147 stock on TipRanks’ Stock Analysis page.