YNBY International Completes HK$92 Million Share Placement

Ban Loong Holdings Limited ( (HK:0030) ) has shared an announcement.

YNBY International Limited has successfully completed the placement of 800 million new shares, representing approximately 10.53% of its issued share capital, at a price of HK$0.1161 per share. The placement raised approximately HK$92 million, which will be used to support international business development, particularly in the ASEAN region, focusing on OEM/ODM manufacturing, marketing, and sales, as well as for general working capital and future investments.

More about Ban Loong Holdings Limited

YTD Price Performance: 22.29%

Average Trading Volume: 2,121,313

Technical Sentiment Signal: Hold

Current Market Cap: HK$1.41B

For a thorough assessment of 0030 stock, go to TipRanks’ Stock Analysis page.