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Tesson Holdings Ltd. ( (HK:1201) ) has provided an update.
Tesson Holdings Limited, a company listed on the Hong Kong Stock Exchange, has announced the issuance of 50 million new shares under a specific mandate. The shares are priced at HK$0.50 each, representing a significant discount to recent trading prices. This move is expected to raise approximately HK$24.65 million in net proceeds, which will be used to support the company’s operations and strategic initiatives. The issuance is subject to several conditions, including approval from the Stock Exchange’s listing committee and the passing of necessary resolutions at a special general meeting.
The most recent analyst rating on (HK:1201) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Tesson Holdings Ltd. stock, see the HK:1201 Stock Forecast page.
More about Tesson Holdings Ltd.
Average Trading Volume: 239,210
Technical Sentiment Signal: Sell
Current Market Cap: HK$271.7M
Find detailed analytics on 1201 stock on TipRanks’ Stock Analysis page.