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Shenzhen Pagoda Industrial (Group) Corp. Ltd. Class H ( (HK:2411) ) just unveiled an announcement.
Shenzhen Pagoda Industrial (Group) Corp. Ltd. has successfully completed the placement of 279,500,000 new H shares under a general mandate, raising approximately HK$327.0 million in gross proceeds. The company plans to use the net proceeds of HK$325.0 million to pay trade payables, repay bank loans, and cover general working capital and administrative expenses. This strategic move is expected to enhance the company’s financial stability and operational efficiency, potentially improving its market position.
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. The company operates within the industrial sector, focusing on the issuance and management of H shares, which are traded on the Hong Kong Stock Exchange.
Average Trading Volume: 7,004,585
Technical Sentiment Signal: Buy
Current Market Cap: HK$4.38B
See more data about 2411 stock on TipRanks’ Stock Analysis page.