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Minieye Technology Co., Ltd. Class H ( (HK:2431) ) has provided an announcement.
Minieye Technology Co., Ltd announced a placement of up to 6,800,000 new H shares under a general mandate, with the shares priced at HK$23.26 each. This move, executed through a Sole Placing Agent, aims to attract institutional and corporate investors, representing approximately 1.67% of the company’s enlarged share capital. The placement price reflects a discount of approximately 14.80% to the closing price on the agreement date, potentially impacting the company’s market positioning by broadening its investor base without creating any substantial shareholders.
More about Minieye Technology Co., Ltd. Class H
Minieye Technology Co., Ltd is a joint stock company incorporated in the People’s Republic of China, operating in the technology sector. The company focuses on providing advanced technological solutions and services, with a market presence reflected in its listing on the Hong Kong Stock Exchange under the stock code 2431.
Average Trading Volume: 1,345,081
For a thorough assessment of 2431 stock, go to TipRanks’ Stock Analysis page.