Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Shin Hwa World Limited ( (HK:0582) ) has issued an announcement.
Shin Hwa World Limited has successfully completed the placing of 304,290,000 new shares under a general mandate, which represents approximately 16.67% of the company’s enlarged share capital. The net proceeds of approximately HK$35.4 million will be allocated to bank interest payments, upgrading information systems, sales and marketing expenses, and other operating costs, with full utilization expected by the end of September 2025. This strategic move is aimed at enhancing operational capabilities and supporting the company’s growth initiatives.
More about Shin Hwa World Limited
Average Trading Volume: 376,496
Technical Sentiment Signal: Sell
Current Market Cap: HK$235.8M
For an in-depth examination of 0582 stock, go to TipRanks’ Overview page.