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The latest announcement is out from Trendzon Holdings Group Limited ( (HK:1865) ).
Trendzon Holdings Group Limited has entered into a Subscription Agreement to issue new shares under a general mandate. The subscription price is set at HK$0.20 per share, representing a discount to recent trading prices. The issuance is expected to raise approximately HK$5.617 million in net proceeds, which the company plans to use for liability repayment and working capital replenishment. This move could impact the company’s financial stability and market positioning, although the completion of the subscription is contingent upon certain conditions being met.
More about Trendzon Holdings Group Limited
YTD Price Performance: -4.40%
Average Trading Volume: 4,278,372
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$169.3M
Learn more about 1865 stock on TipRanks’ Stock Analysis page.