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MOG Holdings Limited ( (HK:1942) ) has issued an announcement.
MOG Digitech Holdings Limited has revised the placing price of its new shares from HK$0.5285 to HK$0.475 per share due to market fluctuations. The company plans to use the net proceeds of approximately HK$107.45 million primarily for investment in insurance and financial technology businesses, including a significant investment in a global B2B digital payment service provider and the development of a proprietary settlement platform.
More about MOG Holdings Limited
MOG Digitech Holdings Limited is a company incorporated in the Cayman Islands, focusing on the insurance and financial technology sectors. The company is involved in developing and investing in digital payment and settlement services for insurance companies, as well as forming business alliances with insurers using AI-enabled platforms.
Average Trading Volume: 11,971,237
Technical Sentiment Signal: Sell
Current Market Cap: HK$651.8M
For detailed information about 1942 stock, go to TipRanks’ Stock Analysis page.