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Kingbo Strike Ltd. ( (HK:1421) ) just unveiled an update.
Prosperity Group International Limited, a company incorporated in the Cayman Islands, has announced a placement of new shares under a general mandate. The company has entered into a Placing Agreement with a Placing Agent to procure at least six independent third-party subscribers for up to 25,025,000 new shares at a price of HK$0.2 per share. This represents a discount of approximately 9.91% to the recent closing price. The gross proceeds are expected to be around HK$5.00 million, with net proceeds of approximately HK$4.62 million intended for general working capital. The placement is subject to certain conditions and may not proceed.
More about Kingbo Strike Ltd.
YTD Price Performance: 0.91%
Average Trading Volume: 236,112
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$31.48M
See more insights into 1421 stock on TipRanks’ Stock Analysis page.