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An update from Transtech Optelecom Science Holdings Limited ( (HK:9963) ) is now available.
Transtech Optelecom Science Holdings Limited announced a conditional agreement to place up to 52,000,000 new shares at a price of HK$0.476 per share, representing a 20% increase in its current share issuance and raising approximately HK$24.4 million in net proceeds. The proceeds will assist in advancing the company’s operational and strategic goals, with the move likely to enhance its market position while expanding shareholder value, subject to necessary conditions and approvals being met.
The most recent analyst rating on (HK:9963) stock is a Hold with a HK$0.45 price target. To see the full list of analyst forecasts on Transtech Optelecom Science Holdings Limited stock, see the HK:9963 Stock Forecast page.
More about Transtech Optelecom Science Holdings Limited
Transtech Optelecom Science Holdings Limited operates in the technology industry, focusing on the production and supply of optical fiber and cable products primarily used in telecommunications and data transmission. The company serves a variety of markets, leveraging advanced technology to support connectivity solutions.
Average Trading Volume: 66,108
Technical Sentiment Signal: Buy
Current Market Cap: HK$128.7M
For detailed information about 9963 stock, go to TipRanks’ Stock Analysis page.