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Shenzhen Pagoda Industrial (Group) Corp. Ltd. Class H ( (HK:2411) ) just unveiled an update.
Shenzhen Pagoda Industrial (Group) Corp. Ltd. has entered into a Placing Agreement with First Shanghai Securities Limited to issue 279,500,000 new H Shares at a placing price of HK$1.17 per share. This move is expected to raise approximately HK$325.0 million in net proceeds, representing a significant discount to the recent trading prices. The placement aims to increase the company’s share capital without requiring shareholder approval, potentially impacting shareholder value and market perception.
The most recent analyst rating on (HK:2411) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Shenzhen Pagoda Industrial (Group) Corp. Ltd. Class H stock, see the HK:2411 Stock Forecast page.
More about Shenzhen Pagoda Industrial (Group) Corp. Ltd. Class H
Shenzhen Pagoda Industrial (Group) Corp. Ltd. is a joint stock company incorporated in the People’s Republic of China, primarily engaged in the industrial sector. The company focuses on offering a range of products and services, although specific details about its market focus or primary products are not provided in the announcement.
Average Trading Volume: 6,211,257
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.6B
See more data about 2411 stock on TipRanks’ Stock Analysis page.