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An update from Kingland Group Holdings Limited ( (HK:1751) ) is now available.
Kingland Group Holdings Limited has announced a share placement under a general mandate, involving up to 48,384,000 new shares at approximately HK$1.481 per share. This move aims to raise gross proceeds of approximately HK$71.66 million, with net proceeds estimated at HK$70.76 million. The placement price represents a discount to recent market prices and is not subject to shareholder approval. The completion of the placement is contingent upon the Stock Exchange granting listing permission for the new shares.
The most recent analyst rating on (HK:1751) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Kingland Group Holdings Limited stock, see the HK:1751 Stock Forecast page.
More about Kingland Group Holdings Limited
Average Trading Volume: 3,208,368
Technical Sentiment Signal: Buy
Current Market Cap: HK$435.5M
For an in-depth examination of 1751 stock, go to TipRanks’ Overview page.