51 Credit Card Inc. (HK:2051) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
51 Credit Card Inc. has successfully completed the placement of over 271 million new shares, raising approximately HK$38.73 million in net proceeds. The funds will be used to bolster the company’s credit facilitation and SaaS businesses, expand its vehicle business, and replenish working capital. This strategic move has resulted in a significant shift in the company’s shareholding structure, with public shareholders now holding a larger stake.
For further insights into HK:2051 stock, check out TipRanks’ Stock Analysis page.
