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The latest update is out from Golden Power Group Holdings Ltd. ( (HK:3919) ).
Golden Power Group Holdings Ltd. has entered into a Subscription Agreement with a subscriber to issue 5,400,000 new shares at a price of HK$0.9 per share, representing a 20% increase in the company’s existing issued share capital. This move is expected to raise approximately HK$4.8 million in net proceeds, which will be used to repay outstanding bank facilities and for general working capital, potentially impacting the company’s financial stability and market positioning.
More about Golden Power Group Holdings Ltd.
Golden Power Group Holdings Ltd. is a company incorporated in the Cayman Islands, operating with limited liability and listed on the Stock Exchange of Hong Kong under the stock code 3919. The company is involved in the industry of manufacturing and distributing products, although specific products or services are not detailed in the announcement.
Average Trading Volume: 25,757
Technical Sentiment Signal: Sell
Current Market Cap: HK$27M
See more data about 3919 stock on TipRanks’ Stock Analysis page.