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Chinasoft International ( (HK:0354) ) has shared an announcement.
Chinasoft International Limited announced a change in the use of proceeds from its 2021 placing agreement, which initially raised approximately HK$1,970 million. The company has extended the timeline for utilizing the remaining HK$394 million of unutilized net proceeds for the development of HarmonyOS and OpenHarmony products and solutions, now expected to be used by the end of 2025. This strategic adjustment reflects Chinasoft’s ongoing commitment to enhancing its technological offerings and expanding its market presence in the HarmonyOS and OpenHarmony ecosystem.
The most recent analyst rating on (HK:0354) stock is a Buy with a HK$7.50 price target. To see the full list of analyst forecasts on Chinasoft International stock, see the HK:0354 Stock Forecast page.
More about Chinasoft International
Chinasoft International Limited is a company incorporated in the Cayman Islands, focusing on the development of hardware and software products and solutions, particularly around HarmonyOS and OpenHarmony. The company is involved in research and development of full-stack technologies and engages in investments, mergers, and acquisitions related to its main business.
YTD Price Performance: 20.91%
Average Trading Volume: 57,916,426
Technical Sentiment Signal: Buy
Current Market Cap: HK$16.79B
For detailed information about 0354 stock, go to TipRanks’ Stock Analysis page.