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The latest update is out from SY Holdings Group Limited ( (HK:6069) ).
SY Holdings Group Limited, incorporated in the Cayman Islands, announced a new share placement under a general mandate. The company plans to issue up to 56,286,000 new shares at HK$10.66 each, representing approximately 5.58% of its existing share capital. The placement is expected to raise gross proceeds of approximately HK$600.01 million, with net proceeds of about HK$592.87 million after expenses. The shares will be placed to at least six professional or institutional investors, including strategic investment institutions and leading international investment firms, to support the company’s global expansion.
The most recent analyst rating on (HK:6069) stock is a Hold with a HK$12.50 price target. To see the full list of analyst forecasts on SY Holdings Group Limited stock, see the HK:6069 Stock Forecast page.
More about SY Holdings Group Limited
Average Trading Volume: 11,364,065
Technical Sentiment Signal: Buy
Current Market Cap: HK$11.99B
See more insights into 6069 stock on TipRanks’ Stock Analysis page.