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Sanergy Group Ltd. ( (HK:2459) ) has provided an announcement.
Sanergy Group Limited has entered into a placing agreement with placing agents to issue up to 228 million new shares under its existing general mandate, representing about 13.33% of its current issued share capital and 11.76% of its enlarged share capital. The shares will be placed to at least six independent investors at HK$0.083 per share, a discount to recent market prices, raising expected gross proceeds of about HK$18.9 million (net approximately HK$18.4 million) subject to conditions and potential termination rights of the placing agents, with a listing application to be made for the new shares and a cautionary note to shareholders and investors that the placing may or may not proceed.
The most recent analyst rating on (HK:2459) stock is a Hold with a HK$0.10 price target. To see the full list of analyst forecasts on Sanergy Group Ltd. stock, see the HK:2459 Stock Forecast page.
More about Sanergy Group Ltd.
Sanergy Group Limited is a company incorporated in the Cayman Islands and listed on the Main Board of the Hong Kong Stock Exchange under stock code 2459. The announcement relates to its capital markets activity as a listed issuer, but the release does not describe its specific industry, products, services or market focus.
Average Trading Volume: 3,809,197
Technical Sentiment Signal: Sell
Current Market Cap: HK$172.7M
Find detailed analytics on 2459 stock on TipRanks’ Stock Analysis page.