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Vixtel Technologies Holdings Ltd. ( (HK:1782) ) has provided an update.
Vixtel Technologies Holdings Ltd. announced a supplemental update regarding the placement of new shares under a general mandate. The company plans to utilize its existing cash and proceeds from the placement for operational cash outflows and foundational work on a virtual asset services platform. This strategic move aims to support their expansion into the UAE market by securing necessary regulatory licenses and establishing a compliance framework.
The most recent analyst rating on (HK:1782) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on Vixtel Technologies Holdings Ltd. stock, see the HK:1782 Stock Forecast page.
More about Vixtel Technologies Holdings Ltd.
Average Trading Volume: 706,666
Technical Sentiment Signal: Hold
Current Market Cap: HK$2.94B
Find detailed analytics on 1782 stock on TipRanks’ Stock Analysis page.