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JNBY Design ( (HK:3306) ) has issued an update.
JNBY Design Limited has completed a placing of new shares under its general mandate, issuing 14,535,000 shares at HK$18.78 each to at least six independent investors, representing about 2.73% of its enlarged share capital. The transaction raised approximately HK$270 million in net proceeds, which the company plans to deploy mainly towards brand business development and research and development to enhance its market competitiveness, with a smaller portion earmarked for general corporate purposes, all targeted to be fully utilized by December 2026, potentially strengthening its growth prospects and positioning in the fashion market.
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 Hong Kong–listed company incorporated in the Cayman Islands, operating in the fashion and apparel sector with a focus on brand-driven design and market competitiveness in its clothing lines.
Average Trading Volume: 1,272,674
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$9.42B
For a thorough assessment of 3306 stock, go to TipRanks’ Stock Analysis page.