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An announcement from Hope Education Group Co., Ltd. ( (HK:1765) ) is now available.
XJ International Holdings Co., Ltd. announced the results of its Rights Issue, which was undersubscribed. The company received valid acceptances for approximately 64.9% of the Rights Shares, with the remaining 35.1% not successfully placed. The gross proceeds from the Rights Issue amounted to approximately HK$89.0 million, with net proceeds of HK$87.4 million intended to fulfill payment obligations for outstanding Convertible Bonds. The Rights Issue impacted the company’s shareholding structure, slightly increasing the shareholding percentages of Hope Education Investment Limited and other shareholders.
The most recent analyst rating on (HK:1765) stock is a Buy with a HK$0.50 price target. To see the full list of analyst forecasts on Hope Education Group Co., Ltd. stock, see the HK:1765 Stock Forecast page.
More about Hope Education Group Co., Ltd.
YTD Price Performance: 58.78%
Average Trading Volume: 13,310,534
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.93B
Find detailed analytics on 1765 stock on TipRanks’ Stock Analysis page.