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Macau Legend Development ( (HK:1680) ) has provided an announcement.
Macau Legend Development Limited has announced a proposed rights issue to raise approximately HK$93 million through the issuance of 310,059,356 rights shares. The net proceeds, estimated at HK$86.9 million after expenses, will be used for general working capital. The rights issue is available only to qualifying shareholders, with significant commitments from major shareholders Mr. Li and Elite Success to subscribe to their full entitlements.
The most recent analyst rating on (HK:1680) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Macau Legend Development stock, see the HK:1680 Stock Forecast page.
More about Macau Legend Development
Macau Legend Development Limited is a company incorporated in the Cayman Islands, primarily operating in the entertainment and gaming industry. It is listed on the Hong Kong Stock Exchange under the stock code 01680.
YTD Price Performance: -61.08%
Average Trading Volume: 164,361
Technical Sentiment Signal: Sell
Current Market Cap: HK$347.3M
See more data about 1680 stock on TipRanks’ Stock Analysis page.