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Miko International Holdings Ltd. ( (HK:1247) ) just unveiled an update.
Miko International Holdings Ltd. has announced a new share placement under a general mandate, aiming to issue up to 31,635,200 new shares, which would represent approximately 16.89% of its existing issued share capital. The placement, managed by a sole placing agent, is expected to raise approximately HK$41.9 million, which will be used to further develop the company’s supply chain management business. The shares are being offered at a discount to recent trading prices, and the completion of the placement is contingent upon certain conditions being met, including stock exchange approvals.
More about Miko International Holdings Ltd.
Average Trading Volume: 523,178
Technical Sentiment Signal: Buy
Current Market Cap: HK$297.8M
See more insights into 1247 stock on TipRanks’ Stock Analysis page.