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Tian Tu Capital Co., Ltd. Class H ( (HK:1973) ) has issued an update.
Tian Tu Capital has issued a supplemental announcement to its 2024 annual report detailing the allocation and use of approximately RMB950.7 million in net proceeds from its global offering, of which RMB341 million remained unutilized as of December 31, 2024. The company has reallocated a portion of these funds, with a strong emphasis on supporting the growth of its private equity fund management business by deploying its own capital into new funds, investing in external professional support, and optimizing debt repayment and capital structure, and now plans to fully utilize the remaining proceeds by the end of 2025, reflecting a strategy to better align capital deployment with evolving market conditions and revenue growth opportunities.
The most recent analyst rating on (HK:1973) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Tian Tu Capital Co., Ltd. Class H stock, see the HK:1973 Stock Forecast page.
More about Tian Tu Capital Co., Ltd. Class H
Tian Tu Capital Co., Ltd. is a PRC-incorporated investment management group focused on private equity fund management and direct investment activities. The company deploys its own capital alongside managed funds, invests in talent and professional support for its fund management platform, and also engages in direct investments while managing its capital structure and general corporate needs.
Average Trading Volume: 225,339
Technical Sentiment Signal: Sell
Current Market Cap: HK$476.5M
See more insights into 1973 stock on TipRanks’ Stock Analysis page.