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New Hope Service Holdings Limited ( (HK:3658) ) has shared an announcement.
New Hope Service Holdings Limited has announced a change in the use of its unutilized net proceeds from its global offering. The company has resolved to reallocate approximately HK$458.08 million, with significant adjustments including a reduction in funds for strategic acquisition and investment, and an increase in allocations for talent recruitment, team building, and working capital. This strategic reallocation aims to enhance operational efficiency and support the company’s growth initiatives.
The most recent analyst rating on (HK:3658) stock is a Buy with a HK$2.79 price target. To see the full list of analyst forecasts on New Hope Service Holdings Limited stock, see the HK:3658 Stock Forecast page.
More about New Hope Service Holdings Limited
New Hope Service Holdings Limited is a company incorporated in the Cayman Islands, operating within the service industry. The company, along with its subsidiaries, focuses on providing property management and lifestyle services.
Average Trading Volume: 350,929
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.64B
Find detailed analytics on 3658 stock on TipRanks’ Stock Analysis page.