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The latest update is out from Shandong Boan Biotechnology Company., Limited. Class H ( (HK:6955) ).
Shandong Boan Biotechnology Co., Ltd. has announced the placement of 48,000,000 new shares under a general mandate, representing approximately 8.36% of the current total shares. The shares are priced at HK$16.42 each, a discount from the previous closing price, and the placement is subject to conditions outlined in the agreement. This move is expected to impact the company’s market positioning by potentially increasing its capital base, although stakeholders are advised to exercise caution as the placement may not proceed.
More about Shandong Boan Biotechnology Company., Limited. Class H
Shandong Boan Biotechnology Co., Ltd. is a biotechnology company incorporated in the People’s Republic of China. The company operates in the biotechnology industry, focusing on the development and commercialization of innovative biological products.
Average Trading Volume: 23,509,474
Technical Sentiment Signal: Buy
Current Market Cap: HK$10.2B
Learn more about 6955 stock on TipRanks’ Stock Analysis page.