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Weimob ( (HK:2013) ) has issued an update.
Weimob Inc., a company incorporated in the Cayman Islands, has announced the issuance of new shares under a general mandate. The company has entered into a Subscription Agreement with a subscriber to issue and allot 688,494,000 subscription shares at a price of HK$2.26 per share, representing a discount to recent market prices. The gross proceeds from this subscription are expected to be approximately HK$1,556 million. The completion of the subscription is subject to certain conditions, and the shares will be listed on the Hong Kong Stock Exchange. This move is aimed at raising capital and potentially strengthening the company’s market position.
The most recent analyst rating on (HK:2013) stock is a Hold with a HK$2.60 price target. To see the full list of analyst forecasts on Weimob stock, see the HK:2013 Stock Forecast page.
More about Weimob
Average Trading Volume: 154,035,972
Technical Sentiment Signal: Buy
Current Market Cap: HK$8.56B
For detailed information about 2013 stock, go to TipRanks’ Stock Analysis page.