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CCIAM Future Energy Ltd. ( (HK:0145) ) just unveiled an update.
CCIAM Future Energy Ltd., a company incorporated in Hong Kong, has announced a proposed rights issue to raise approximately HK$18.68 million by issuing up to 122,067,272 rights shares. The rights issue is set on a non-underwritten basis and will be available only to qualifying shareholders. The company has also entered into a placing agreement with uSmart Securities Limited to procure placees for the shares. This financial maneuver aims to strengthen the company’s capital base, although it carries risks as the rights issue is conditional upon stock exchange approval.
The most recent analyst rating on (HK:0145) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on CCIAM Future Energy Ltd. stock, see the HK:0145 Stock Forecast page.
More about CCIAM Future Energy Ltd.
Average Trading Volume: 2,103,803
Technical Sentiment Signal: Sell
Current Market Cap: HK$45.9M
Find detailed analytics on 0145 stock on TipRanks’ Stock Analysis page.