tiprankstipranks
Trending News
More News >

Suoxinda Holdings Limited Announces New Share Placement to Raise HK$38.6 Million

Story Highlights
Suoxinda Holdings Limited Announces New Share Placement to Raise HK$38.6 Million

Don’t Miss TipRanks’ Half-Year Sale

Suoxinda Holdings Limited ( (HK:3680) ) has issued an announcement.

Suoxinda Holdings Limited announced a placing agreement to issue up to 130 million new shares through Theia Securities Limited, a connected entity, at a price of HK$0.301 per share. This move aims to raise approximately HK$38.6 million in net proceeds, primarily to repay borrowings and support business operations, reflecting a strategic financial maneuver to strengthen the company’s capital structure.

More about Suoxinda Holdings Limited

YTD Price Performance: -71.79%

Average Trading Volume: 455,578

Technical Sentiment Signal: Buy

Current Market Cap: HK$218.1M

Learn more about 3680 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1