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The latest announcement is out from Wealthking Investments Limited ( (HK:1140) ).
Wealthking Investments Limited has entered into agreements to issue 1,136,955,997 new shares to seven subscribers at a price of HK$0.23 per share, representing a discount to recent trading prices. This move, which does not require additional shareholder approval due to the existing General Mandate, is expected to raise approximately HK$261.40 million in net proceeds, potentially impacting the company’s market position by increasing its share capital by about 9.75%.
More about Wealthking Investments Limited
Average Trading Volume: 18,195,295
Technical Sentiment Signal: Hold
Current Market Cap: HK$2.43B
For detailed information about 1140 stock, go to TipRanks’ Stock Analysis page.