SY Holdings Group Limited Announces New Share Placement to Raise HK$209.59 Million

The latest announcement is out from SY Holdings Group Limited ( (HK:6069) ).

SY Holdings Group Limited, incorporated in the Cayman Islands, has announced a placement of new shares under a general mandate. The company has entered into an agreement with Guotai Junan Securities (Hong Kong) Limited to place up to 17,480,000 new shares at HK$11.99 each, representing approximately 1.77% of the existing share capital. This move is expected to raise gross proceeds of approximately HK$209.59 million. The placement is aimed at strategic and institutional investors, including subsidiaries of XtalPi Holdings Limited and Be Friends Holding Limited, with the top five investors expected to subscribe for more than 88.6% of the shares.

More about SY Holdings Group Limited

Average Trading Volume: 10,773,586

Technical Sentiment Signal: Buy

Current Market Cap: HK$12.55B

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