Voicecomm to Raise HK$311.6 Million via Discounted H-Share Placement

Shanghai Voicecomm Information Technology Co Ltd Class H ( (HK:2495) ) has issued an announcement.

Voicecomm Technology Co., Ltd. has agreed to issue 6.73 million new H shares to State Fortune Global Strategic LPF under its existing general mandate, raising gross proceeds of about HK$311.6 million at a subscription price of HK$46.30 per share. The new shares, representing roughly 18.94% of the existing share capital and 15.93% of the enlarged capital, will be issued at a discount of about 19.90% to the latest closing price and will rank pari passu with existing H shares; the directors say the pricing is fair and reasonable, though completion remains subject to conditions, leaving some execution risk for shareholders and potential investors.

The most recent analyst rating on (HK:2495) stock is a Hold with a HK$53.00 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 joint stock company incorporated in the People’s Republic of China with its H shares listed in Hong Kong. The company operates in the technology and communications sector, issuing H shares to international and Hong Kong investors to support its capital needs and market development.

Average Trading Volume: 112,869

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.98B

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