Weilong Announces Share Placing and Subscription to Raise HK$1.17 Billion

Weilong Delicious Global Holdings Limited ( (HK:9985) ) just unveiled an update.

Weilong Delicious Global Holdings Limited announced a placing and top-up subscription involving the sale of 80 million existing shares at a discounted price of HK$14.72 per share. This transaction is expected to raise approximately HK$1,177.60 million in gross proceeds, with net proceeds estimated at HK$1,167.04 million, impacting the company’s financial positioning and market dynamics.

More about Weilong Delicious Global Holdings Limited

Weilong Delicious Global Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the food industry. It is listed on the Stock Exchange of Hong Kong under the stock code 9985.

Average Trading Volume: 10,861,361

Technical Sentiment Signal: Buy

Current Market Cap: HK$39.12B

See more data about 9985 stock on TipRanks’ Stock Analysis page.