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Value Convergence Holdings Limited ( (HK:0821) ) has issued an announcement.
Value Convergence Holdings Limited announced the results of its Rights Issue, which was under-subscribed, with only 9.86% of the available Rights Shares being taken up. The company raised approximately HK$21,953,212 from the Rights Issue, and will allocate Excess Rights Shares to qualifying shareholders who applied. The under-subscription may impact the company’s capital raising efforts and its financial strategy moving forward.
The most recent analyst rating on (HK:0821) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Value Convergence Holdings Limited stock, see the HK:0821 Stock Forecast page.
More about Value Convergence Holdings Limited
Value Convergence Holdings Limited is a company incorporated in Hong Kong, operating within the financial services industry. The company focuses on providing a range of financial services, including securities brokerage, corporate finance, and asset management.
Average Trading Volume: 851,666
Technical Sentiment Signal: Buy
Current Market Cap: HK$348.8M
See more insights into 0821 stock on TipRanks’ Stock Analysis page.