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Shandong Boan Biotechnology Company., Limited. Class H ( (HK:6955) ) has shared an announcement.
Shandong Boan Biotechnology Co., Ltd. has announced a new share placement under a general mandate, involving the sale of 38,400,000 shares, which represents approximately 7.17% of the company’s total shares in issue. The shares are being offered at a price of HK$10.42 each, reflecting a 13.88% discount to the last closing price. This move is aimed at raising capital and could potentially impact the company’s market positioning and shareholder value.
More about Shandong Boan Biotechnology Company., Limited. Class H
Shandong Boan Biotechnology Co., Ltd. is a biotechnology company based in China, involved in the development and commercialization of biopharmaceutical products. The company focuses on providing innovative healthcare solutions through its range of biotechnology services and products.
Average Trading Volume: 9,624,664
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$6.68B
Learn more about 6955 stock on TipRanks’ Stock Analysis page.