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Rego Interactive Co., Ltd. ( (HK:2422) ) has provided an announcement.
Rego Interactive Co., Ltd. announced a change in the use of proceeds from its recent rights issue, which initially aimed to fund an acquisition, expand its goods delivery business, and support general working capital. The company has decided to reallocate the remaining proceeds of approximately HK$47.8 million entirely to general working capital due to the acquisition project not proceeding as planned. This strategic shift reflects a reassessment of the company’s operational priorities and financial strategy, potentially impacting its market positioning and stakeholder interests.
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.
Average Trading Volume: 528,100
Technical Sentiment Signal: Buy
Current Market Cap: HK$870M
For a thorough assessment of 2422 stock, go to TipRanks’ Stock Analysis page.