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The latest announcement is out from Centenary United Holdings Limited ( (HK:1959) ).
Centenary United Holdings Limited, a company listed on the Hong Kong Stock Exchange, announced a private placing of existing shares by its controlling shareholder, Mr. Law Hau Kit, through Chong Kit Limited. The placing agreement involves the sale of up to 76,230,300 shares, representing 15% of the company’s issued share capital, at a price of not less than HK$0.40 each. This move is expected to reduce Mr. Law’s shareholding from approximately 73.58% to 58.58%. The company anticipates no adverse effects on its operations from this transaction.
The most recent analyst rating on (HK:1959) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Centenary United Holdings Limited stock, see the HK:1959 Stock Forecast page.
More about Centenary United Holdings Limited
Average Trading Volume: 203,485
Technical Sentiment Signal: Buy
Current Market Cap: HK$218.5M
Learn more about 1959 stock on TipRanks’ Stock Analysis page.