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An announcement from New Huo Technology Holdings Limited ( (HK:1611) ) is now available.
Sinohope Technology Holdings Limited has completed the subscription of new shares under a specific mandate, raising approximately HK$275.6 million in gross proceeds. The funds will be allocated towards business growth, debt repayment, and general working capital, impacting the company’s financial structure by altering its shareholding distribution and supporting its strategic expansion plans.
The most recent analyst rating on (HK:1611) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on New Huo Technology Holdings Limited stock, see the HK:1611 Stock Forecast page.
More about New Huo Technology Holdings Limited
Sinohope Technology Holdings Limited is a company incorporated in the British Virgin Islands, operating in the technology sector. It focuses on growth and expansion within its industry, with a market emphasis on technological advancements and related services.
Average Trading Volume: 9,676,337
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$3.35B
For an in-depth examination of 1611 stock, go to TipRanks’ Overview page.