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Starlight Culture Entertainment Adjusts Share Placing Price

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Starlight Culture Entertainment Adjusts Share Placing Price

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The latest update is out from Starlight Culture Entertainment Group Limited ( (HK:1159) ).

Starlight Culture Entertainment Group Limited announced a supplemental agreement to its existing placing agreement, adjusting the placing price of new shares from HK$0.355 to HK$0.361. This adjustment represents discounts to the recent stock prices and is intended to raise approximately HK$6.9 million in net proceeds, which will be used to repay debts and enhance working capital.

More about Starlight Culture Entertainment Group Limited

Average Trading Volume: 69,216

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$42.87M

For a thorough assessment of 1159 stock, go to TipRanks’ Stock Analysis page.

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