tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Prosperity Investment Holdings Limited Announces New Share Placement

Story Highlights
Prosperity Investment Holdings Limited Announces New Share Placement

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Prosperity Investment Holdings Limited ( (HK:0310) ) has provided an update.

Prosperity Investment Holdings Limited has announced a strategic move involving the placement of 500,000,000 new shares under a specific mandate. This placement, fully underwritten by a placing agent, aims to raise approximately HK$42.0 million in net proceeds, which will be utilized for investment acquisitions, redemption of convertible notes, and general working capital. The placing represents a significant increase in the company’s share capital and is subject to shareholder approval at a special general meeting. Trading in the company’s shares remains suspended since April 2024, pending further notice.

More about Prosperity Investment Holdings Limited

Technical Sentiment Signal: Sell

Current Market Cap: HK$12.11M

For detailed information about 0310 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1