TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Pine Technology Holdings Limited ( (HK:1079) ) has shared an announcement.
Pine Technology Holdings Limited has announced a supplemental plan to place new shares under a general mandate to strengthen its working capital. The company aims to address its liquidity needs due to increased customer demand for its products, particularly memory chips, and to maintain competitiveness by securing additional inventory. The net proceeds of approximately HK$29.41 million will be used to support ongoing business operations, including procurement of inventory and operational costs, ensuring the company can respond effectively to market opportunities.
More about Pine Technology Holdings Limited
Pine Technology Holdings Limited is a company incorporated in Bermuda, primarily engaged in the distribution of computer components and consumer electronic products. The company focuses on leveraging its industry expertise and business network to enhance its market presence, particularly in the segment of memory chips and related components.
YTD Price Performance: 633.33%
Average Trading Volume: 5,249,770
Technical Sentiment Signal: Buy
Current Market Cap: HK$437.8M
Learn more about 1079 stock on TipRanks’ Stock Analysis page.