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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.