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The latest announcement is out from Virtual Mind Holding Company Limited ( (HK:1520) ).
Virtual Mind Holding Company Limited has announced a placement of new shares under a general mandate, involving up to 158,639,385 shares at a price of HK$0.52 each, which is an 18.75% discount to the recent trading price. The company aims to raise approximately HK$79.92 million in net proceeds, which will be used for repaying outstanding liabilities, business development, and general working capital. This strategic move is expected to impact the company’s financial stability and market positioning positively, although the completion of the placement is subject to certain conditions.
More about Virtual Mind Holding Company Limited
Virtual Mind Holding Company Limited is a company incorporated in the Cayman Islands with limited liability. It operates in the financial sector and is listed on the Hong Kong Stock Exchange under the stock code 1520.
Average Trading Volume: 3,444,256
Technical Sentiment Signal: Buy
Current Market Cap: HK$499.7M
Find detailed analytics on 1520 stock on TipRanks’ Stock Analysis page.