Voicecomm Extends Timeline for Independent H-Share Subscription to Bolster Capital Base

An update from Shanghai Voicecomm Information Technology Co Ltd Class H ( (HK:2495) ) is now available.

Voicecomm Technology Co., Ltd. has issued a supplemental announcement regarding its planned issue of new H shares under a general mandate to a Hong Kong limited partnership fund managed by Jingxin International Financial Group. The subscriber and its ultimate beneficial owners are confirmed to be independent third parties, and regulatory approval for listing the subscription shares on the Hong Kong Stock Exchange has already been obtained.

Completion of the subscription remains subject to remaining conditions, including consents related to one of the subscriber’s PRC-listed investors, prompting an extension of the long stop date. The company’s board states the extension supports orderly completion, will help strengthen the group’s financial position and shareholder base, and is not expected to have a material adverse impact on its current operations, while cautioning investors that the transaction may or may not proceed.

The most recent analyst rating on (HK:2495) stock is a Hold with a HK$55.00 price target. To see the full list of analyst forecasts on Shanghai Voicecomm Information Technology Co Ltd Class H stock, see the HK:2495 Stock Forecast page.

More about Shanghai Voicecomm Information Technology Co Ltd Class H

Voicecomm Technology Co., Ltd. is a PRC-incorporated joint stock company listed in Hong Kong as an H-share issuer. The company operates in the technology and communications sector, and its H-share structure gives it access to international capital markets through the Stock Exchange of Hong Kong.

Average Trading Volume: 179,958

Technical Sentiment Signal: Sell

Current Market Cap: HK$2.09B

For an in-depth examination of 2495 stock, go to TipRanks’ Overview page.