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An announcement from Yue Kan Holdings Limited ( (HK:2110) ) is now available.
Tian Cheng Holdings Limited, incorporated in the Cayman Islands, announced a new share placement under a general mandate. The company plans to issue up to 60 million new shares at a price of HK$0.1 per share, representing a discount to recent trading prices. The placement aims to raise approximately HK$5.71 million in net proceeds, which will be used for general working capital. The placement is subject to certain conditions, and the company advises shareholders and potential investors to exercise caution.
More about Yue Kan Holdings Limited
Average Trading Volume: 438,060
Technical Sentiment Signal: Sell
Current Market Cap: HK$35.1M
Find detailed analytics on 2110 stock on TipRanks’ Stock Analysis page.