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Synertone Communication Corporation ( (HK:1613) ) has shared an announcement.
Synertone Communication Corporation has announced an extraordinary general meeting to consider a rights issue of up to 897,482,880 ordinary shares at a subscription price of HK$0.135 per share. This move is aimed at raising capital, with the rights issue contingent upon approval from the Hong Kong Stock Exchange and the finalization of a placing agreement with Waton Securities International Limited. The rights issue is structured to offer two rights shares for every existing share held by qualifying shareholders, excluding those outside Hong Kong due to legal and regulatory constraints.
The most recent analyst rating on (HK:1613) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Synertone Communication Corporation stock, see the HK:1613 Stock Forecast page.
More about Synertone Communication Corporation
Synertone Communication Corporation is a company incorporated in the Cayman Islands, operating in the communication industry. It is listed on the Hong Kong Stock Exchange under the stock code 1613.
Average Trading Volume: 577,366
Technical Sentiment Signal: Sell
Current Market Cap: HK$91.09M
For detailed information about 1613 stock, go to TipRanks’ Stock Analysis page.