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An update from Trendzon Holdings Group Limited ( (HK:1865) ) is now available.
Trendzon Holdings Group Limited has successfully completed the subscription of new shares under a general mandate, resulting in the issuance of 28,336,000 new shares. The gross proceeds from this subscription amount to approximately HK$5,667,000, with net proceeds of HK$5,617,000. The company plans to use 60% of the net proceeds to repay liabilities and 40% to replenish general working capital. This issuance represents approximately 3.85% of the company’s enlarged share capital, bringing the total number of issued shares to 736,736,000.
More about Trendzon Holdings Group Limited
YTD Price Performance: 2.00%
Average Trading Volume: 8,710,673
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$180.6M
For an in-depth examination of 1865 stock, go to TipRanks’ Stock Analysis page.