Kingland Group Raises HK$70.76 Million Through Share Placing to Fund Expansion and New Projects

An announcement from Kingland Group Holdings Limited ( (HK:1751) ) is now available.

Kingland Group Holdings Limited has completed a placing of 48,384,000 new shares under its general mandate at HK$1.481 per share, raising net proceeds of approximately HK$70.76 million and expanding its share capital by about 16.67%. The new shares were placed with at least six independent investors, none of whom became a substantial shareholder, resulting in a dilution of existing holdings, including those of key shareholders, and increasing the free float. The company plans to allocate around 45% of the funds to expand and develop its construction and engineering business in China, another 45% to replenish general working capital, and 10% to develop energy and construction projects supporting an overseas computing power hub, signalling a push to scale its core operations and diversify into infrastructure supporting digital and computing-related demand.

The most recent analyst rating on (HK:1751) stock is a Hold with a HK$2.00 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

Kingland Group Holdings Limited is a Hong Kong-listed company engaged in construction and engineering-related businesses, with a strategic focus on expanding its operations in mainland China and developing energy and construction projects that support overseas computing power infrastructure. The group aims to strengthen its market positioning by channeling new capital into core construction activities and adjacent energy-related ventures while maintaining sufficient working capital for ongoing operations.

Average Trading Volume: 3,776,321

Technical Sentiment Signal: Buy

Current Market Cap: HK$483.8M

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