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The latest announcement is out from Transcenta Holding Limited ( (HK:6628) ).
Transcenta Holding Limited has announced a new share placement under a general mandate, involving the issuance of 14,400,000 shares, representing about 3.31% of the current total shares. The placement, coordinated by BOCI Asia Limited, is priced at a discount to recent market prices, aiming to raise approximately HK$59.34 million in net proceeds. This strategic move is intended to strengthen the company’s financial position and support its operational goals, although completion is contingent on certain conditions being met.
The most recent analyst rating on (HK:6628) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Transcenta Holding Limited stock, see the HK:6628 Stock Forecast page.
More about Transcenta Holding Limited
Transcenta Holding Limited is a company registered in the Cayman Islands, operating with limited liability. It is involved in the biotechnology industry, focusing on the development and commercialization of innovative therapeutic products.
Average Trading Volume: 3,719,057
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.06B
See more data about 6628 stock on TipRanks’ Stock Analysis page.