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The latest announcement is out from MEGAIN Holding (Cayman) Co. Ltd. ( (HK:6939) ).
MEGAIN Holding has announced an updated timetable and a change in the use of net proceeds from its global offering. The company had approximately HK$47.3 million in unutilised net proceeds as of December 31, 2024. The board has decided to extend the deadline for the use of these funds and reallocate them, particularly toward strengthening product development and enhancing hardware design capabilities. This strategic adjustment is likely aimed at bolstering the company’s competitive stance in the industry and supporting its growth ambitions.
More about MEGAIN Holding (Cayman) Co. Ltd.
MEGAIN Holding (Cayman) Co., Ltd. operates in the technology sector, focusing on product development and diversification, hardware design capabilities, and expanding its presence in the compatible cartridge industry.
YTD Price Performance: -7.61%
Average Trading Volume: 74,550
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$220.5M
Find detailed analytics on 6939 stock on TipRanks’ Stock Analysis page.