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Shin Hwa World Limited ( (HK:0582) ) has issued an announcement.
Shin Hwa World Limited has entered into a Placing Agreement with a Placing Agent to issue 304,290,000 new shares at HK$0.118 per share, representing a discount to recent trading prices. This move aims to raise approximately HK$35.4 million in net proceeds, which will be allocated towards bank interest expenses, technology upgrades, marketing, and operational costs. The issuance could expand the company’s share capital by 16.67% if fully placed, impacting its financial strategy and market positioning.
More about Shin Hwa World Limited
Average Trading Volume: 315,964
Technical Sentiment Signal: Sell
Current Market Cap: HK$220.6M
For an in-depth examination of 0582 stock, go to TipRanks’ Overview page.