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An update from Shoucheng Holdings Ltd. ( (HK:0697) ) is now available.
Shoucheng Holdings Limited has successfully completed the placement of 276,496,000 new shares at a price of HK$2.17 per share, raising approximately HK$597 million. The proceeds will be allocated towards the expansion of technology experience stores and new business lines in asset operation, as well as general corporate purposes, including administrative expenses and debt repayment. This strategic move is expected to enhance the company’s market presence and operational capabilities.
The most recent analyst rating on (HK:0697) stock is a Buy with a HK$2.50 price target. To see the full list of analyst forecasts on Shoucheng Holdings Ltd. stock, see the HK:0697 Stock Forecast page.
More about Shoucheng Holdings Ltd.
Average Trading Volume: 94,766,408
Technical Sentiment Signal: Buy
Current Market Cap: HK$19.24B
For an in-depth examination of 0697 stock, go to TipRanks’ Overview page.