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Central Wealth Group Holdings Limited ( (HK:0139) ) has issued an announcement.
Smart Fish Wealthlink Holdings Limited has successfully completed a placing, issuing over 204 million shares and raising approximately HK$50 million. The proceeds will be used to settle liabilities and support the working capital needs of its money lending and securities dealing businesses. The company anticipates increased demand in these areas and aims to utilize the funds within the next twelve months to bolster its financial position and support business growth.
The most recent analyst rating on (HK:0139) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Central Wealth Group Holdings Limited stock, see the HK:0139 Stock Forecast page.
More about Central Wealth Group Holdings Limited
Smart Fish Wealthlink Holdings Limited, formerly known as Central Wealth Group Holdings Limited, operates in the financial sector with a focus on money lending and securities dealing businesses. The company is involved in margin financing and IPO financing, requiring substantial financial resources to support its operations.
Average Trading Volume: 12,380,885
Technical Sentiment Signal: Buy
Current Market Cap: HK$501.7M
See more insights into 0139 stock on TipRanks’ Stock Analysis page.