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The latest update is out from Yue Kan Holdings Limited ( (HK:2110) ).
Tian Cheng Holdings Limited has successfully completed the placing of 60,000,000 new shares, representing approximately 16.67% of the company’s enlarged share capital. The shares were issued at a revised placing price of HK$0.121, generating net proceeds of approximately HK$6.93 million, which will be used for general working capital. This move alters the company’s shareholding structure, with the new shares being allocated to at least six independent third-party placees, none of whom will become substantial shareholders.
More about Yue Kan Holdings Limited
Average Trading Volume: 1,489,622
Technical Sentiment Signal: Buy
Current Market Cap: HK$44.4M
For detailed information about 2110 stock, go to TipRanks’ Stock Analysis page.