Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Beijing Fourth Paradigm Technology Co. Ltd. Class H ( (HK:6682) ) has provided an update.
Phancy Group Co., Ltd. has completed a placing of new H shares under its general mandate, reinforcing its access to equity financing through the Hong Kong market. The transaction involved the successful placement of 38,800,000 H shares at HK$40.36 each to at least six independent investors, none of whom became a substantial shareholder.
The new shares represent about 12.09% of the issued H shares and 7.47% of total issued shares before the deal, and about 10.79% of H shares and 6.95% of total shares after enlargement. Following completion, the company’s total issued share capital has increased to 558,478,733 shares, comprising 359,609,496 H shares and 198,869,237 unlisted shares, modestly diluting existing holdings while broadening the investor base.
More about Beijing Fourth Paradigm Technology Co. Ltd. Class H
Phancy Group Co., Ltd., formerly known as Beijing Fourth Paradigm Technology Co., Ltd., is a joint stock company incorporated in the People’s Republic of China with limited liability. The company is listed in Hong Kong under stock code 6682 and issues both H shares and unlisted shares to investors in the capital markets.
Average Trading Volume: 6,078,000
Technical Sentiment Signal: Sell
Current Market Cap: HK$18.94B
For detailed information about 6682 stock, go to TipRanks’ Stock Analysis page.