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The latest update is out from BExcellent Group Holdings Limited ( (HK:1775) ).
BExcellent Group Holdings Limited has entered into a Subscription Agreement with an independent third party to issue 25,380,000 new shares at a price of HK$0.50 each. This issuance represents approximately 4.99% of the company’s current issued shares and is expected to raise net proceeds of around HK$12,570,000. The shares will be issued under a general mandate and are subject to certain conditions being met. This move could potentially strengthen the company’s financial position and market presence, although stakeholders are advised to exercise caution as the agreement’s completion is not guaranteed.
More about BExcellent Group Holdings Limited
Average Trading Volume: 665,578
Technical Sentiment Signal: Buy
Current Market Cap: HK$203.1M
See more data about 1775 stock on TipRanks’ Stock Analysis page.