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Zibuyu Group Limited ( (HK:2420) ) has shared an update.
Zibuyu Group Limited announced a change in the use of unutilized proceeds from its initial public offering. The company plans to redirect HK$19.2 million to enhance sales and branding capabilities, particularly through Amazon advertising solutions, by the end of 2025. This strategic shift aims to strengthen the company’s market position and improve operational efficiency.
The most recent analyst rating on (HK:2420) stock is a Buy with a HK$4.50 price target. To see the full list of analyst forecasts on Zibuyu Group Limited stock, see the HK:2420 Stock Forecast page.
More about Zibuyu Group Limited
Zibuyu Group Limited, incorporated in the Cayman Islands, operates in the e-commerce industry, focusing on enhancing sales and branding capabilities, supply chain management, and establishing large-scale independent self-operated online stores.
Average Trading Volume: 15,232
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.95B
See more insights into 2420 stock on TipRanks’ Stock Analysis page.