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Pu’er Lancang Ancient Tea Co., Ltd. ( (HK:6911) ) has provided an announcement.
Pu’er Lancang Ancient Tea Co., Ltd. announced the successful receipt of subscription monies totaling HKD59.04 million from four subscribers under Subscription Agreements at a price of HKD2.46 per share. The company plans to issue and allot a total of 24 million Subscription Shares, with further announcements to be made regarding the completion of the issuance of H Shares under the General Mandate.
The most recent analyst rating on (HK:6911) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Pu’er Lancang Ancient Tea Co., Ltd. stock, see the HK:6911 Stock Forecast page.
More about Pu’er Lancang Ancient Tea Co., Ltd.
Pu’er Lancang Ancient Tea Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating within the tea industry. The company is primarily focused on the production and distribution of tea products, with a market presence that includes the issuance of H shares on the Hong Kong Stock Exchange.
Average Trading Volume: 39,555
Technical Sentiment Signal: Sell
Current Market Cap: HK$94.5M
See more insights into 6911 stock on TipRanks’ Stock Analysis page.