Net-a-Go Plans HK$0.88 Share Subscription for 80 Million New Shares

An announcement from Net-a-Go Technology Company Limited ( (HK:1483) ) is now available.

Net-a-Go Technology Company Limited, a Cayman Islands–incorporated company listed on the Hong Kong Stock Exchange, plans to issue new shares under its existing general mandate as part of its capital management strategy.

The company has entered into a subscription agreement with an investor for 80,000,000 new shares at HK$0.88 per share, representing about 10.82% of its current issued share capital and approximately 9.76% of its enlarged share capital (excluding treasury shares), subject to fulfillment of conditions and approval for listing and dealing in the new shares; shareholders and potential investors are advised to exercise caution as the transaction may or may not proceed.

The most recent analyst rating on (HK:1483) stock is a Sell with a HK$1.00 price target. To see the full list of analyst forecasts on Net-a-Go Technology Company Limited stock, see the HK:1483 Stock Forecast page.

More about Net-a-Go Technology Company Limited

Average Trading Volume: 267,166

Technical Sentiment Signal: Sell

Current Market Cap: HK$890.4M

See more data about 1483 stock on TipRanks’ Stock Analysis page.