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The latest announcement is out from Kwong Luen Engineering Holdings Limited ( (HK:1413) ).
Kwong Luen Engineering Holdings Limited has announced a placement of up to 200,000,000 new shares under a general mandate, with Cheong Lee Securities Limited acting as the placing agent. The shares are priced at HK$0.063 each, representing a discount to recent trading prices. The placement aims to raise approximately HK$12.1 million, which will be used for the company’s general working capital. This move could potentially enhance the company’s liquidity and financial flexibility, impacting its operational capabilities and market positioning.
More about Kwong Luen Engineering Holdings Limited
Average Trading Volume: 16,539,509
Technical Sentiment Signal: Sell
Current Market Cap: HK$80.4M
For a thorough assessment of 1413 stock, go to TipRanks’ Stock Analysis page.