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The latest announcement is out from Sterling Group Holdings Limited ( (HK:1825) ).
Sterling Group Holdings Limited has entered into a placing agreement to issue up to 69.12 million new shares, equivalent to 20% of its existing issued share capital, at HK$0.10 per share under its general mandate. The placement, arranged on a best-effort basis through an independent placing agent and at a small premium to recent market prices, is expected to raise about HK$6.77 million in net proceeds, which will be used entirely for general working capital to support ongoing development, existing operations and business exploration, although completion remains conditional and may not proceed, warranting caution from shareholders and potential investors.
The most recent analyst rating on (HK:1825) stock is a Hold with a HK$0.13 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 Hong Kong-listed company incorporated in the Cayman Islands, operating in the consumer and retail sector through its group structure. Its shares are traded on the Main Board of the Stock Exchange of Hong Kong under stock code 1825, and it raises capital periodically via equity placements to support ongoing operations and business development.
Average Trading Volume: 200,885
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$33.52M
For an in-depth examination of 1825 stock, go to TipRanks’ Overview page.