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Silver Tide Holdings Limited ( (HK:1943) ) has issued an update.
Silver Tide Holdings Limited has announced a new share placement under a general mandate, involving a maximum of 150,000,000 new shares at a price of HK$0.617 each. This move aims to raise approximately HK$91.02 million in net proceeds, which will be used to develop energy storage operations and upgrade industrial parks, as well as to enhance general working capital. The placement represents a significant discount to the current share price, potentially impacting the company’s market positioning and offering opportunities for stakeholders.
More about Silver Tide Holdings Limited
Average Trading Volume: 4,027,578
Technical Sentiment Signal: Buy
Current Market Cap: HK$770M
For a thorough assessment of 1943 stock, go to TipRanks’ Stock Analysis page.