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Risecomm Group Holdings Limited ( (HK:1679) ) has provided an announcement.
Risecomm Group Holdings Limited announced the results of its Rights Issue, revealing that only 32.34% of the offered Rights Shares were subscribed, leaving 67.66% unsubscribed. The company plans to place these unsubscribed shares with independent placees, potentially benefiting shareholders through any premium realized over the subscription price.
The most recent analyst rating on (HK:1679) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Risecomm Group Holdings Limited stock, see the HK:1679 Stock Forecast page.
More about Risecomm Group Holdings Limited
Average Trading Volume: 171,020
Technical Sentiment Signal: Buy
Current Market Cap: HK$291.5M
Learn more about 1679 stock on TipRanks’ Stock Analysis page.