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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.