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CMMB Vision Holdings ( (HK:0471) ) has shared an update.
Silkwave Inc, incorporated in the Cayman Islands, has announced a subscription agreement for the issuance of 19,063,898 new shares at a price of HK$0.60 each, representing a 17.81% discount on the closing price of HK$0.73. The transaction is expected to raise approximately HK$11,300,000 in net proceeds, which will be used as general working capital for professional fees, enhancing cash flow for trading, and covering operating expenses. The completion of the subscription is contingent upon approval from the Listing Committee, and it will not result in any subscriber becoming a substantial shareholder.
The most recent analyst rating on (HK:0471) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on CMMB Vision Holdings stock, see the HK:0471 Stock Forecast page.
More about CMMB Vision Holdings
Average Trading Volume: 299,740
Technical Sentiment Signal: Sell
Current Market Cap: HK$70.54M
See more data about 0471 stock on TipRanks’ Stock Analysis page.