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Tesson Holdings Ltd. ( (HK:1201) ) just unveiled an update.
Tesson Holdings Limited announced the issuance of 100,000,000 new shares at a price of HK$0.5 per share, representing a significant portion of its existing and enlarged share capital. The issuance is expected to raise gross proceeds of HK$50 million, with net proceeds estimated at HK$49.6 million. The transaction involves connected persons and requires approval from independent shareholders, with an independent board committee and financial adviser appointed to oversee the process.
More about Tesson Holdings Ltd.
Tesson Holdings Limited is a company incorporated in Bermuda, operating with limited liability. It is listed on the Stock Exchange of Hong Kong and is involved in issuing new shares and conducting connected transactions.
Average Trading Volume: 42,150
Technical Sentiment Signal: Sell
Current Market Cap: HK$131.8M
See more insights into 1201 stock on TipRanks’ Stock Analysis page.