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The latest announcement is out from Hao Tian International Construction Investment Group Limited ( (HK:1341) ).
Hao Tian International Construction Investment Group Limited has announced a further change in the use of proceeds from its recent share placing. The company has decided to allocate approximately HK$25.75 million to enhance the working capital for expanding its margin financing business and HK$10 million for the development of its virtual assets business. This decision comes as the Hong Kong stock market shows increased activity and demand for margin financing, and as cryptocurrencies gain popularity, presenting opportunities for growth in virtual assets services. The company aims to leverage its existing strengths and regulatory licenses to capture these market opportunities.
The most recent analyst rating on (HK:1341) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Hao Tian International Construction Investment Group Limited stock, see the HK:1341 Stock Forecast page.
More about Hao Tian International Construction Investment Group Limited
Hao Tian International Construction Investment Group Limited is a company incorporated in the Cayman Islands with a focus on construction investment. The company operates through its subsidiaries and is involved in the securities and virtual assets industries, with a focus on expanding its margin financing and virtual assets business.
Average Trading Volume: 1,117,283,734
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.9B
For an in-depth examination of 1341 stock, go to TipRanks’ Overview page.