Litian Pictures to Raise HK$14 Million via Share Placement at Market Price

Litian Pictures Holdings Limited ( (HK:9958) ) has provided an update.

Litian Pictures Holdings has entered into a placing agreement with KGI Asia Limited to issue up to 72 million new shares, representing 20% of its existing share capital, at HK$0.20 per share to at least six independent investors. The placement, priced at par with the last closing price and at a premium to the recent five-day average, is expected to raise approximately HK$14 million in net proceeds for general working capital, though completion remains conditional and may not proceed, potentially affecting existing shareholders through equity dilution if fully executed.

The most recent analyst rating on (HK:9958) stock is a Sell with a HK$0.16 price target. To see the full list of analyst forecasts on Litian Pictures Holdings Limited stock, see the HK:9958 Stock Forecast page.

More about Litian Pictures Holdings Limited

Litian Pictures Holdings Limited is a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange, operating in the media and entertainment sector, with a focus on film-related and associated content businesses. The company raises capital in Hong Kong’s equity markets to support its ongoing operations and working capital needs.

Average Trading Volume: 12,134,970

Technical Sentiment Signal: Sell

Current Market Cap: HK$72M

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