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Wan Kei Group Holdings Limited ( (HK:1718) ) has shared an update.
Wan Kei Group Holdings Limited has completed the subscription of new shares under a general mandate, resulting in the issuance of 23,040,000 shares at HK$0.215 each, raising approximately HK$5.0 million in gross proceeds. The net proceeds of HK$4.8 million will be used for general working capital, including director fees, staff salaries, legal fees, and office rentals, with the funds intended to be fully utilized by the end of 2025. This subscription has altered the company’s shareholding structure, with the new shares representing about 9.09% of the enlarged share capital.
The most recent analyst rating on (HK:1718) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Wan Kei Group Holdings Limited stock, see the HK:1718 Stock Forecast page.
More about Wan Kei Group Holdings Limited
Average Trading Volume: 1,801,976
Technical Sentiment Signal: Sell
Current Market Cap: HK$63.86M
See more insights into 1718 stock on TipRanks’ Stock Analysis page.