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Tokyo Chuo Auction Holdings Ltd. ( (HK:1939) ) just unveiled an update.
Tokyo Chuo Auction Holdings Ltd., incorporated in Hong Kong, has announced the placement of new shares under a general mandate. The company has entered into an agreement with a placing agent to issue up to 37,825,421 shares at a price of HK$6.53 per share, representing approximately 7.57% of the total issued shares. The gross proceeds from this placement are expected to be around HK$247 million, with net proceeds estimated at HK$245.8 million. This strategic move aims to strengthen the company’s financial position, although the completion of the placement is subject to certain conditions.
The most recent analyst rating on (HK:1939) stock is a Hold with a HK$6.50 price target. To see the full list of analyst forecasts on Tokyo Chuo Auction Holdings Ltd. stock, see the HK:1939 Stock Forecast page.
More about Tokyo Chuo Auction Holdings Ltd.
Average Trading Volume: 3,105,298
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.63B
For detailed information about 1939 stock, go to TipRanks’ Stock Analysis page.