IVD Medical Holding Limited (HK:1931) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
IVD Medical Holding Limited has announced a conditional agreement to issue 270,918,016 new shares at HK$0.7 each, representing a significant discount from the recent closing prices. The placement, managed by Sunhigh Financial Holdings Limited, is set to expand the company’s issued capital by approximately 16.7% upon successful completion, subject to conditions including approval from the Stock Exchange’s Listing Committee. Shareholders and potential investors are advised to exercise caution in dealing with the company’s shares as the completion of the placement is not guaranteed.
For further insights into HK:1931 stock, check out TipRanks’ Stock Analysis page.