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An update from SEEC Media Group Limited ( (HK:0205) ) is now available.
SEEC Media Group Limited has announced a proposed rights issue to raise approximately HK$40.5 million by issuing 368,071,365 rights shares at a subscription price of HK$0.11 per share. The rights issue is available only to qualifying shareholders and aims to strengthen the company’s financial position. The company has also made compensatory arrangements to offer unsubscribed rights shares to independent third parties through a placing agreement, ensuring that any unsold shares will not be issued, thereby reducing the size of the rights issue.
More about SEEC Media Group Limited
SEEC Media Group Limited is a company incorporated in the Cayman Islands and continued in Bermuda with limited liability, operating in the media industry. The company is listed on the Stock Exchange of Hong Kong and focuses on providing media-related products and services.
Average Trading Volume: 71,270
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$103.8M
See more insights into 0205 stock on TipRanks’ Stock Analysis page.