Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Tokyo Chuo Auction Holdings Ltd. ( (HK:1939) ) has shared an announcement.
Shangshan Gold International Holdings Limited has completed the placing of 11,880,000 new shares, representing approximately 2.32% of its enlarged issued share capital, at a price of HK$7.71 per share. The net proceeds of approximately HK$90 million will be used for global channel layout and brand system construction, including the development of flagship stores and branding efforts, as well as technology upgrades and the relocation of the global headquarters. This strategic move aims to enhance the company’s market presence and operational capabilities.
The most recent analyst rating on (HK:1939) stock is a Hold with a HK$9.00 price target. To see the full list of analyst forecasts on Tokyo Chuo Auction Holdings Ltd. stock, see the HK:1939 Stock Forecast page.
More about Tokyo Chuo Auction Holdings Ltd.
Average Trading Volume: 2,834,327
Technical Sentiment Signal: Buy
Current Market Cap: HK$4.19B
Find detailed analytics on 1939 stock on TipRanks’ Stock Analysis page.