Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Jiangxi Rimag Group Co., Ltd. Class H ( (HK:2522) ) has issued an update.
Jiangxi Rimag Group Co., Ltd. has announced a placement of 35,000,000 new H shares under a general mandate, with the placing agents agreeing to procure at least six independent third-party investors. The placing price is set at HK$16.76 per share, representing a discount to recent trading prices, and is expected to raise approximately HK$562.11 million in net proceeds. The funds are intended for purposes outlined by the company, and the placement does not require shareholder approval as it falls under the existing general mandate.
The most recent analyst rating on (HK:2522) stock is a Buy with a HK$52.39 price target. To see the full list of analyst forecasts on Jiangxi Rimag Group Co., Ltd. Class H stock, see the HK:2522 Stock Forecast page.
More about Jiangxi Rimag Group Co., Ltd. Class H
Jiangxi Rimag Group Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating with limited liability. The company is involved in the issuance of H shares and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 18,379,946
Technical Sentiment Signal: Hold
See more insights into 2522 stock on TipRanks’ Stock Analysis page.