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JNBY Design ( (HK:3306) ) has issued an announcement.
JNBY Design Limited has entered into a placing agreement to issue 14,535,000 new shares under its existing general mandate at HK$18.78 per share, representing about 2.80% of its current issued share capital and 2.73% of its enlarged share capital. The placing price reflects a discount of roughly 9.01% to the last closing price and 6.50% to the recent five-day average, and is expected to raise approximately HK$272.97 million in gross proceeds, or HK$269.99 million net, to be applied as outlined in the company’s stated use of proceeds; the transaction is subject to standard conditions and may not complete, prompting the company to caution shareholders and investors about dealing in its securities pending finalisation.
The most recent analyst rating on (HK:3306) stock is a Buy with a HK$21.50 price target. To see the full list of analyst forecasts on JNBY Design stock, see the HK:3306 Stock Forecast page.
More about JNBY Design
JNBY Design Limited is a fashion and apparel company listed on the Hong Kong Stock Exchange under stock code 3306. The company designs and sells clothing and related products and accesses capital markets in Hong Kong to support its business and growth plans.
Average Trading Volume: 920,512
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$10.08B
See more insights into 3306 stock on TipRanks’ Stock Analysis page.