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QPL International Holdings ( (HK:0243) ) just unveiled an update.
QPL International Holdings Limited has announced a new share placement agreement to issue up to 57,744,000 new shares at HK$0.16 each, representing approximately 20% of its current issued share capital. This move is intended to raise approximately HK$8.9 million in net proceeds, which will be used for upgrading existing property, plant, and equipment, as well as for general working capital. The placement is expected to strengthen the company’s financial position and enhance the liquidity of its shares, although completion is not guaranteed, and investors are advised to exercise caution.
More about QPL International Holdings
QPL International Holdings Limited, incorporated in Bermuda, operates within the financial sector, focusing on raising capital through share placements. The company is listed on the Hong Kong Stock Exchange and aims to enhance its financial position and shareholder base.
Average Trading Volume: 131,758
Technical Sentiment Signal: Buy
Current Market Cap: HK$55.73M
Learn more about 0243 stock on TipRanks’ Stock Analysis page.