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An update from Kidztech Holdings Ltd. ( (HK:6918) ) is now available.
Kidztech Holdings Ltd. announced a share placement agreement with Asia Pacific Securities Limited to issue up to 124,912,800 new shares, representing 20% of its existing share capital. The placement is set at a discounted price of HK$0.133 per share, potentially raising up to HK$16.6 million in gross proceeds, with the net proceeds estimated at HK$16.1 million. This move aims to strengthen the company’s financial position, although the completion of the placement is contingent on certain conditions being met.
More about Kidztech Holdings Ltd.
Average Trading Volume: 2,112,300
Technical Sentiment Signal: Hold
Current Market Cap: HK$106.2M
Learn more about 6918 stock on TipRanks’ Stock Analysis page.