Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Fire Rock Holdings Ltd ( (HK:1909) ) just unveiled an announcement.
Fire Rock Holdings Ltd has announced a proposed rights issue, offering one rights share for every two shares held at a subscription price of HK$1.58 per share. The company aims to raise up to HK$151.68 million before expenses, with net proceeds estimated at HK$150.88 million. The rights issue will proceed on a non-fully underwritten basis, and Mr. Zhang, a significant shareholder, has committed to not selling his shares and to fully subscribing to his rights entitlement.
The most recent analyst rating on (HK:1909) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Fire Rock Holdings Ltd stock, see the HK:1909 Stock Forecast page.
More about Fire Rock Holdings Ltd
Average Trading Volume: 149,861
Technical Sentiment Signal: Sell
Current Market Cap: HK$380.2M
See more insights into 1909 stock on TipRanks’ Stock Analysis page.