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The latest update is out from Risecomm Group Holdings Limited ( (HK:1679) ).
Risecomm Group Holdings Limited announced the results of its Rights Issue, which was undersubscribed, leading to the placement of unsubscribed shares to independent placees. The company raised approximately HK$80.44 million in net proceeds, which will be used primarily for repaying current liabilities and supporting general corporate purposes, including business development in smart manufacturing and industrial automation.
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
Risecomm Group Holdings Limited operates in the smart manufacturing and industrial automation sector, focusing on upgrading legacy systems and optimizing integrity management within petroleum and petrochemical operations.
Average Trading Volume: 180,278
Technical Sentiment Signal: Buy
Current Market Cap: HK$239.4M
For an in-depth examination of 1679 stock, go to TipRanks’ Overview page.