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An announcement from Solartech International Holdings Limited ( (HK:1166) ) is now available.
Solartech International Holdings Limited announced a supplemental plan to place new shares under a general mandate to address significant cash outflows and substantial short-term financial obligations. The company has opted for equity-based placing over debt financing to maintain a stable gearing ratio and avoid increasing financial leverage. This strategic move aims to enhance cash reserves, broaden the shareholder base, and support long-term corporate development.
The most recent analyst rating on (HK:1166) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Solartech International Holdings Limited stock, see the HK:1166 Stock Forecast page.
More about Solartech International Holdings Limited
Solartech International Holdings Limited operates in the manufacturing industry, focusing on producing and supplying a variety of products including cables and wires. The company is positioned in the market to address the needs of various sectors that require these essential components.
YTD Price Performance: 107.69%
Average Trading Volume: 134,150
Technical Sentiment Signal: Hold
Current Market Cap: HK$64.11M
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