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Shun Wo Group Holdings Ltd. ( (HK:1591) ) has provided an announcement.
Shun Wo Group Holdings Ltd., a Hong Kong-listed company incorporated in the Cayman Islands, operates in Hong Kong’s capital markets as an exchange-listed issuer under stock code 1591. The announcement relates to its latest corporate fundraising activity via a rights issue offered to existing shareholders on a non-underwritten basis.
The company’s rights issue of one rights share for every three existing shares became unconditional on 26 January 2026 and was oversubscribed by about 15.7%, with valid acceptances and excess applications totaling roughly 115.7% of the 133.33 million rights shares on offer. Around 43.1% of the rights shares were available for excess applications, which were allocated on a pro rata, “fair and equitable” basis, resulting in approximately 73.3% of excess requests being met, and refunds will be sent for unsuccessful portions. The gross proceeds of about HK$18.67 million, or net HK$17.92 million after expenses, will strengthen the company’s capital base and support its planned uses of funds as previously outlined to shareholders, signaling solid demand from existing investors and potentially reinforcing market confidence in the group’s financial position.
The most recent analyst rating on (HK:1591) stock is a Hold with a HK$0.15 price target. To see the full list of analyst forecasts on Shun Wo Group Holdings Ltd. stock, see the HK:1591 Stock Forecast page.
More about Shun Wo Group Holdings Ltd.
Average Trading Volume: 1,246,178
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$57.2M
Learn more about 1591 stock on TipRanks’ Stock Analysis page.