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Tesson Holdings Ltd. ( (HK:1201) ) has provided an update.
Tesson Holdings Limited has completed the issuance of 50 million new shares under a specific mandate, following the fulfillment of all conditions in the subscription agreements, at a subscription price of HK$0.50 per share. The new shares account for about 15.64% of the company’s pre-issue share capital and approximately 13.53% of its enlarged share capital, increasing the total number of issued shares from 319,685,228 to 369,685,228; as a result, controlling shareholder Double Key International Limited’s stake has been diluted from 65.93% to 57.02%, while the new subscribers now hold 13.53%, signaling a broadened investor base and a notable change in the company’s shareholding structure.
The most recent analyst rating on (HK:1201) stock is a Hold with a HK$1.50 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.
Tesson Holdings Limited is a Bermuda-incorporated company listed on the Hong Kong Stock Exchange (stock code: 1201). The announcement does not specify its industry or principal business activities, focusing instead on its capital structure and share issuance arrangements.
Average Trading Volume: 609,956
Technical Sentiment Signal: Hold
Current Market Cap: HK$412.4M
See more insights into 1201 stock on TipRanks’ Stock Analysis page.