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Ximei Resources Holding Ltd. ( (HK:9936) ) has provided an update.
Ximei Resources Holding Limited has announced a new share placement under a general mandate, involving up to 20 million new shares at a price of HK$5.0 each, which is a discount to recent trading prices. The placement aims to raise approximately HK$98.5 million in net proceeds, intended for general working capital. This move is part of the company’s strategy to strengthen its financial position without requiring shareholder approval, although the completion of the placement is subject to certain conditions.
The most recent analyst rating on (HK:9936) stock is a Buy with a HK$7.00 price target. To see the full list of analyst forecasts on Ximei Resources Holding Ltd. stock, see the HK:9936 Stock Forecast page.
More about Ximei Resources Holding Ltd.
Average Trading Volume: 568,632
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.13B
Learn more about 9936 stock on TipRanks’ Stock Analysis page.