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The latest update is out from Rego Interactive Co., Ltd. ( (HK:2422) ).
Rego Interactive Co., Ltd. has entered into a conditional placing agreement with Winbull Securities International (Hong Kong) Limited to issue up to 160 million new shares under its existing general mandate at HK$0.435 per share, representing about 10.67% of its current issued share capital and 9.64% of the enlarged share base. The private placement, to be conducted on a best-effort basis to at least six independent investors, is subject to customary conditions and Stock Exchange approval for listing of the new shares, and is expected to provide additional capital while modestly diluting existing shareholders and broadening the company’s investor base without any single placee becoming a substantial shareholder.
The most recent analyst rating on (HK:2422) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Rego Interactive Co., Ltd. stock, see the HK:2422 Stock Forecast page.
More about Rego Interactive Co., Ltd.
Rego Interactive Co., Ltd. is a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange (Stock Code: 2422). It operates in the interactive and digital services sector, although this announcement focuses primarily on its capital markets activities rather than detailing its specific operating segments or products.
Average Trading Volume: 591,428
Technical Sentiment Signal: Sell
Current Market Cap: HK$720M
For an in-depth examination of 2422 stock, go to TipRanks’ Overview page.