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The latest update is out from Zhengwei Group Holdings Company Limited ( (HK:2147) ).
Zhengwei Group Holdings Company Limited has entered into a placing agreement with CNI Securities Group Limited to issue up to 11.2 million new shares under its existing general mandate at HK$0.80 per share to at least six placees, representing 20% of its current issued share capital and about 16.67% of its enlarged share capital. The transaction is expected to raise net proceeds of approximately HK$8.71 million for general working capital, and remains conditional on board approval and the Hong Kong Stock Exchange’s listing approval, with the company cautioning shareholders and potential investors that the placing may or may not proceed.
The most recent analyst rating on (HK:2147) stock is a Hold with a HK$0.04 price target. To see the full list of analyst forecasts on Zhengwei Group Holdings Company Limited stock, see the HK:2147 Stock Forecast page.
More about Zhengwei Group Holdings Company Limited
Average Trading Volume: 15,996,271
Technical Sentiment Signal: Sell
Current Market Cap: HK$47.04M
See more data about 2147 stock on TipRanks’ Stock Analysis page.