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Wan Kei Group Holdings Limited ( (HK:1718) ) has shared an update.
Wan Kei Group Holdings Limited, incorporated in the Cayman Islands, has announced a proposed rights issue to raise approximately HK$23 million by offering one rights share for every share held by qualifying shareholders at a subscription price of HK$0.2 per rights share. The rights issue, which aims to raise net proceeds of around HK$21.4 million after expenses, will proceed on a non-underwritten basis and involves the sale of unsubscribed shares via a placing agreement with a placing agent. The initiative is conditional upon meeting certain criteria, including stock exchange approvals, and presents risks to shareholders and potential investors, as it may not proceed if conditions are not met.
More about Wan Kei Group Holdings Limited
YTD Price Performance: -3.33%
Average Trading Volume: 620,133
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$32.49M
See more data about 1718 stock on TipRanks’ Stock Analysis page.
