Litian Pictures Announces New Share Placement to Raise HK$5.78 Million

Litian Pictures Holdings Limited ( (HK:9958) ) has issued an announcement.

Litian Pictures Holdings Limited has entered into a Placing Agreement with Zijing Capital Limited to issue up to 60 million new shares at HK$0.10 each, representing a 20% increase in its current share capital. The move is aimed at raising approximately HK$5.78 million for general working capital, reflecting a strategic effort to strengthen its financial position and enhance shareholder interests.

More about Litian Pictures Holdings Limited

Litian Pictures Holdings Limited is a company incorporated in the Cayman Islands, operating in the entertainment industry. The company is involved in producing and distributing films and other media content, focusing on expanding its market presence and shareholder value.

YTD Price Performance: -15.00%

Average Trading Volume: 736,226

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$30.6M

Learn more about 9958 stock on TipRanks’ Stock Analysis page.