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Tiangong International Co. Ltd. ( (HK:0826) ) has issued an update.
Tiangong International Co. Ltd. announced the approval of a public offering plan for its subsidiary, TG Tech, on the Beijing Stock Exchange. The offering includes up to 69 million new shares, with an issue price of RMB3.94 per share, and involves placing shares to directors and implementing stock price stabilization measures post-listing. The offering represents a significant move for Tiangong International, potentially impacting its market position by expanding TG Tech’s capital base and ensuring financial stability through profit guarantees and share repurchase commitments.
More about Tiangong International Co. Ltd.
YTD Price Performance: -14.09%
Average Trading Volume: 3,245
Technical Sentiment Signal: Buy
Current Market Cap: €615.7M
Learn more about 0826 stock on TipRanks’ Stock Analysis page.
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