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Daido Group Limited ( (HK:0544) ) has shared an update.
Daido Group Limited announced a subscription agreement for new shares under a specific mandate, involving the issuance of 10,000,000 new shares at HK$2.00 each, representing a significant portion of the company’s issued share capital. This move is aimed at strengthening the company’s capital base. Additionally, the company seeks to refresh its general mandate, allowing directors to issue new shares up to 20% of the current share capital, pending shareholder approval. These strategic initiatives are designed to enhance the company’s financial flexibility and support its growth objectives.
The most recent analyst rating on (HK:0544) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Daido Group Limited stock, see the HK:0544 Stock Forecast page.
More about Daido Group Limited
Daido Group Limited is a company incorporated in Bermuda, operating within the financial sector. It is listed on the Hong Kong Stock Exchange under the stock code 00544.
Average Trading Volume: 213,241
Technical Sentiment Signal: Buy
Current Market Cap: HK$71.37M
For a thorough assessment of 0544 stock, go to TipRanks’ Stock Analysis page.