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QuantumPharm, Inc. ( (HK:2228) ) has shared an announcement.
XtalPi Holdings Limited, a company incorporated in the Cayman Islands, announced a significant financial move by entering into a Placing Agreement to issue new shares under a General Mandate. The company plans to issue up to 285,920,000 Placing Shares at a price of HK$9.28 per share, representing a discount to recent trading prices. This issuance could raise approximately HK$2,629.8 million in net proceeds, enhancing the company’s capital base. The completion of the Placing is contingent upon certain conditions being met, and investors are advised to exercise caution.
The most recent analyst rating on (HK:2228) stock is a Hold with a HK$10.50 price target. To see the full list of analyst forecasts on QuantumPharm, Inc. stock, see the HK:2228 Stock Forecast page.
More about QuantumPharm, Inc.
Average Trading Volume: 158,371,375
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$41.55B
See more data about 2228 stock on TipRanks’ Stock Analysis page.