Weilong Completes Share Placement and Subscription to Boost Growth

An update from Weilong Delicious Global Holdings Limited ( (HK:9985) ) is now available.

Weilong Delicious Global Holdings Limited has completed a significant financial maneuver involving the placing of existing shares and a top-up subscription of new shares, raising approximately HK$1,167.04 million in net proceeds. The funds will be allocated to expand production facilities, enhance the sales network, build brand influence, and support general corporate purposes, aiming to strengthen the company’s financial and market position.

The most recent analyst rating on (HK:9985) stock is a Buy with a HK$9.30 price target. To see the full list of analyst forecasts on Weilong Delicious Global Holdings Limited stock, see the HK:9985 Stock Forecast page.

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. The company focuses on producing and distributing a variety of snack products, aiming to enhance its market competitiveness and brand influence.

Average Trading Volume: 13,934,009

Technical Sentiment Signal: Buy

Current Market Cap: HK$34.84B

Learn more about 9985 stock on TipRanks’ Stock Analysis page.