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Tycoon Group Holdings Limited ( (HK:3390) ) has shared an update.
Tycoon Group Holdings Limited announced a proposed issue of shares under a general mandate, aiming to raise approximately HK$46.7 million. The proceeds are intended for general working capital, including inventory purchases, logistics, marketing, and other operational needs. The subscription price is set at a premium, reflecting confidence in the company despite recent financial challenges. This move is expected to strengthen the company’s financial position, reduce debt-to-equity ratio, and enhance stakeholder confidence, especially following a recent forced-sale event.
More about Tycoon Group Holdings Limited
Average Trading Volume: 20,060,841
Technical Sentiment Signal: Sell
Current Market Cap: HK$352M
Find detailed analytics on 3390 stock on TipRanks’ Stock Analysis page.