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YesAsia Holdings Limited ( (HK:2209) ) just unveiled an update.
YesAsia Holdings Limited, a company incorporated in Hong Kong, has entered into a Subscription Agreement to issue 4,100,000 new shares at HK$5.55 per share under a General Mandate. This move is part of the company’s strategy to raise approximately HK$22,755,000, which will be used to expand its AsianBeautyWholesale business, including building up inventory for overseas warehouses and general capital purposes. The Subscription Agreement is conditional upon the granting of the Listing Approval, and the completion of the subscription is subject to the fulfillment of certain conditions, which may or may not proceed.
The most recent analyst rating on (HK:2209) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on YesAsia Holdings Limited stock, see the HK:2209 Stock Forecast page.
More about YesAsia Holdings Limited
Average Trading Volume: 1,051,558
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.16B
Learn more about 2209 stock on TipRanks’ Stock Analysis page.