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Shoucheng Holdings Ltd. ( (HK:0697) ) has provided an update.
Shoucheng Holdings Ltd. has entered into a Placing Agreement with a Placing Agent to issue new shares under a General Mandate. The Placing Shares will account for approximately 3.49% of the current total shares and 3.37% of the enlarged total shares upon completion. The issuance does not require shareholder approval and will be listed on the Stock Exchange. This move aims to raise capital without altering the existing shareholding structure significantly.
The most recent analyst rating on (HK:0697) stock is a Hold 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: 75,368,927
Technical Sentiment Signal: Buy
Current Market Cap: HK$15.49B
See more data about 0697 stock on TipRanks’ Stock Analysis page.