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Zhixin Group Holding Limited ( (HK:2187) ) just unveiled an announcement.
Zhixin Group Holding Limited has entered into two separate subscription agreements with two investors for the issuance of a total of 149.6 million new shares under its existing general mandate, representing 20% of its current issued share capital and about 16.67% of the enlarged share capital. The new shares will be issued at HK$0.68 per share, reflecting discounts of 15% to the latest closing price and 18.47% to the recent five-day average, and, as the placement does not require additional shareholder approval, it offers the company a relatively quick equity fundraising route that will dilute existing shareholders but strengthen its capital base if the subscriptions are completed.
The most recent analyst rating on (HK:2187) stock is a Buy with a HK$0.86 price target. To see the full list of analyst forecasts on Zhixin Group Holding Limited stock, see the HK:2187 Stock Forecast page.
More about Zhixin Group Holding Limited
Zhixin Group Holding Limited is a company incorporated in the Cayman Islands with its shares listed on the Hong Kong Stock Exchange under stock code 2187. The announcement does not specify its industry, core products, or main business activities.
Average Trading Volume: 784,841
Technical Sentiment Signal: Buy
Current Market Cap: HK$583.4M
Learn more about 2187 stock on TipRanks’ Stock Analysis page.