Sterling Group Raises HK$6.77 Million Through Completion of Share Placing

Sterling Group Holdings Limited ( (HK:1825) ) has provided an announcement.

Sterling Group Holdings Limited has completed a share placing of 69,120,000 new shares under its general mandate at HK$0.10 per share, raising net proceeds of approximately HK$6.77 million. The new shares, placed by an agent to at least six independent investors and representing about 16.7% of the enlarged share capital, will be used entirely for general working capital, modestly strengthening the company’s liquidity while diluting existing shareholders and increasing its public float.

The most recent analyst rating on (HK:1825) stock is a Sell with a HK$0.10 price target. To see the full list of analyst forecasts on Sterling Group Holdings Limited stock, see the HK:1825 Stock Forecast page.

More about Sterling Group Holdings Limited

Sterling Group Holdings Limited is a Cayman Islands–incorporated company listed on the Hong Kong Stock Exchange under stock code 1825. The announcement does not specify its industry or principal line of business, but the company has a dispersed public shareholder base and raises capital on the Hong Kong market through share placings under a general mandate.

Average Trading Volume: 253,958

Technical Sentiment Signal: Sell

Current Market Cap: HK$36.29M

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