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An announcement from Yues International Holdings Group Limited ( (HK:1529) ) is now available.
Yues International Holdings Group Limited has announced a proposed rights issue to raise up to approximately HK$69.4 million. The rights issue will be on a non-underwritten basis, offering four rights shares for every existing share at a subscription price of HK$0.13 per rights share. This move is set to increase the company’s issued shares by more than 50% within the past 12 months, requiring shareholder approval at an upcoming extraordinary general meeting (EGM). The net proceeds, estimated at HK$67.6 million after expenses, will be used to support the company’s strategic initiatives.
More about Yues International Holdings Group Limited
YTD Price Performance: -37.50%
Average Trading Volume: 193,647
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$20.01M
Learn more about 1529 stock on TipRanks’ Stock Analysis page.