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An announcement from Okura Holdings Limited ( (HK:1655) ) is now available.
Okura Holdings Limited has entered into a placing agreement with Aristo Securities Limited to issue up to 84,980,420 new shares, representing about 13.38% of its existing share capital, under its general mandate at HK$0.143 per share, a discount to recent market prices. The placing, expected to raise net proceeds of approximately HK$10.38 million, is intended mainly to fund the purchase of pachinko and pachislot machines, renovate and upgrade existing pachinko halls, support marketing activities, and bolster general working capital, potentially strengthening the group’s operational capacity and competitiveness, though completion remains subject to conditions and may not proceed.
The most recent analyst rating on (HK:1655) stock is a Hold with a HK$0.16 price target. To see the full list of analyst forecasts on Okura Holdings Limited stock, see the HK:1655 Stock Forecast page.
More about Okura Holdings Limited
Okura Holdings Limited, incorporated in Hong Kong and listed on the Stock Exchange under stock code 01655, operates pachinko halls, investing in pachinko and pachislot gaming machines and related hall facilities to serve Japan’s amusement and entertainment market.
Average Trading Volume: 2,649,821
Technical Sentiment Signal: Sell
Current Market Cap: HK$109.9M
For an in-depth examination of 1655 stock, go to TipRanks’ Overview page.