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Winshine Science Co., Ltd. ( (HK:0209) ) just unveiled an update.
Winshine Science Co., Ltd. has successfully completed the placing of new shares under a general mandate, issuing approximately 30.95 million shares at HK$0.35 each, raising a net total of approximately HK$10.32 million. The proceeds will be allocated towards loan repayment, settlement of audit and professional fees, and general corporate purposes, including staff salaries. This strategic move alters the company’s shareholding structure, with public shareholders now holding a larger portion of shares, potentially impacting the company’s market positioning and stakeholder interests.
More about Winshine Science Co., Ltd.
Winshine Science Co., Ltd. is a company incorporated in Bermuda with limited liability, operating in the science and technology sector. The company is focused on providing innovative solutions and services within its industry.
Average Trading Volume: 4,751,479
Technical Sentiment Signal: Buy
Current Market Cap: HK$43.33M
See more insights into 0209 stock on TipRanks’ Stock Analysis page.