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An update from ISP Holdings Limited ( (HK:2340) ) is now available.
ISP Holdings Limited, incorporated in Bermuda, has announced a proposed rights issue to raise up to approximately HK$13.55 million by issuing up to 265,758,333 Rights Shares at a subscription price of HK$0.051 per share. The proceeds from this rights issue will be allocated towards covering legal costs and general working capital, with the allocation varying slightly depending on the full conversion of Convertible Preference Shares. This move aims to strengthen the company’s financial position and support its ongoing operational needs.
More about ISP Holdings Limited
YTD Price Performance: -13.04%
Average Trading Volume: 48,758
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$79.02M
For an in-depth examination of 2340 stock, go to TipRanks’ Stock Analysis page.