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The latest update is out from Tycoon Group Holdings Limited ( (HK:3390) ).
Tycoon Group Holdings Limited has entered into a Subscription Agreement to issue 94,000,000 shares at HK$0.5 each, representing approximately 11.75% of its current issued share capital. The proceeds, estimated at HK$46.7 million after expenses, will be used to invest in core business growth and improve supply chain and logistics operations, positioning the company for expansion.
More about Tycoon Group Holdings Limited
Tycoon Group Holdings Limited is a company incorporated in the Cayman Islands, focusing on investment in its core businesses to foster growth and expansion. The company aims to improve its supply chain and logistics operations, as well as general working capital.
YTD Price Performance: -87.79%
Average Trading Volume: 14,825,344
Technical Sentiment Signal: Buy
Current Market Cap: HK$340M
For detailed information about 3390 stock, go to TipRanks’ Stock Analysis page.