tiprankstipranks
Trending News
More News >

Acme International Revises Share Subscription Agreement with Treasure Ship

Story Highlights

Confident Investing Starts Here:

An update from Acme International Holdings Limited ( (HK:1870) ) is now available.

Acme International Holdings Limited has announced a revision to its subscription agreement with Treasure Ship, reducing the number of shares from 220,000,000 to 188,370,000 and increasing the subscription price from HK$0.138 to HK$0.172 per share. This adjustment, part of a loan capitalization strategy, aims to settle a significant portion of the company’s outstanding loan with Treasure Ship, thus impacting its financial obligations and share capital structure.

More about Acme International Holdings Limited

Acme International Holdings Limited is a company incorporated in the Cayman Islands, operating with limited liability. It is listed on the Hong Kong Stock Exchange under the stock code 1870. The company is involved in the issuance and subscription of shares, focusing on financial agreements and capital management.

Average Trading Volume: 22,707,105

Technical Sentiment Signal: Sell

Current Market Cap: HK$190.9M

Learn more about 1870 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App