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The latest announcement is out from Ta Yang Group Holdings Limited ( (HK:1991) ).
Ta Yang Group Holdings Limited announced the issuance of shares under a general mandate, with proceeds intended to support its digital marketing business and the Yalong Bay project. The company plans to allocate HK$8 million for digital marketing operations, focusing on technology upgrades, team development, and market expansion, while HK$10 million will be used to repay part of the outstanding loan related to its underperforming healthcare and hotel business segment. The subscription price of HK$1.20 per share represents a significant premium over the recent average closing price, indicating a strategic move to strengthen its financial position.
More about Ta Yang Group Holdings Limited
Ta Yang Group Holdings Limited is a company incorporated in the Cayman Islands, focusing on digital marketing and healthcare and hotel business segments. The company is involved in technology platform upgrades, team development, market expansion, and working capital management within its digital marketing business.
Average Trading Volume: 211,898
Technical Sentiment Signal: Sell
Current Market Cap: HK$96.04M
For detailed information about 1991 stock, go to TipRanks’ Stock Analysis page.