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Tongda Hong Tai Holdings Updates on Net Proceeds and Share Option Scheme

Story Highlights
  • Tongda Hong Tai Holdings has not fully utilized net proceeds due to extended loan repayment dates.
  • Details of the Share Option Scheme were updated, including available options and shares.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Tongda Hong Tai Holdings Updates on Net Proceeds and Share Option Scheme

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Tongda Hong Tai Holdings Ltd ( (HK:2363) ) just unveiled an announcement.

Tongda Hong Tai Holdings Limited has issued a supplemental announcement regarding its 2024 Annual Report. The company disclosed that the net proceeds from a rights issue, initially intended for loan repayment and working capital, have not been fully utilized due to extended loan repayment dates, with a new timeline set for full utilization by 2026 and 2027. Additionally, details about the Share Option Scheme were provided, including the number of options available for grant and shares available for issue. This announcement does not affect other information in the 2024 Annual Report.

The most recent analyst rating on (HK:2363) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Tongda Hong Tai Holdings Ltd stock, see the HK:2363 Stock Forecast page.

More about Tongda Hong Tai Holdings Ltd

Average Trading Volume: 18,384

Technical Sentiment Signal: Sell

Current Market Cap: HK$70.46M

For an in-depth examination of 2363 stock, go to TipRanks’ Overview page.

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