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The latest announcement is out from New Ray Medicine International Holding Ltd. ( (HK:6108) ).
New Ray Medicine International Holding Ltd. has announced a placing agreement to issue up to 33,432,000 new shares, representing a significant portion of its existing share capital. The proceeds, expected to be around HK$7.4 million, will be used to acquire additional distribution rights, enhancing the company’s core business operations.
More about New Ray Medicine International Holding Ltd.
New Ray Medicine International Holding Ltd. operates in the pharmaceutical industry, focusing on the acquisition and distribution of medicine and related products.
Average Trading Volume: 197,531
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$41.46M
For a thorough assessment of 6108 stock, go to TipRanks’ Stock Analysis page.