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Emperor Watch & Jewellery ( (HK:0887) ) just unveiled an update.
Emperor Watch & Jewellery Limited has announced a share placement agreement to issue up to 477,250,000 new shares through Emperor Securities Limited. This move aims to raise approximately HK$79.24 million net proceeds, intended for expanding the company’s retail network and enhancing working capital. The share placement represents a 7.04% increase in the existing issued share capital, and the shares are offered at a slight discount to the current market price. This strategic financial decision is expected to bolster the company’s growth and operational capabilities.
More about Emperor Watch & Jewellery
Emperor Watch & Jewellery Limited operates in the luxury goods industry, focusing on the retail of high-end watches and jewelry. The company is recognized for its extensive retail network and targets both local and international markets.
YTD Price Performance: 5.00%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $148.1M
For an in-depth examination of 0887 stock, go to TipRanks’ Stock Analysis page.
