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Heng Tai Consumables Group ( (HK:0197) ) has issued an announcement.
Heng Tai Consumables Group Limited has successfully completed a placing and top-up subscription of shares, raising approximately HK$14.2 million in net proceeds. The funds will be used for refurbishing and upgrading logistics facilities in Shanghai, expanding processing capabilities in Dongguan, and supporting general working capital needs, which could enhance the company’s operational efficiency and market positioning.
The most recent analyst rating on (HK:0197) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Heng Tai Consumables Group stock, see the HK:0197 Stock Forecast page.
More about Heng Tai Consumables Group
Heng Tai Consumables Group Limited is a company incorporated in the Cayman Islands, focusing on consumable products. It operates within the logistics and processing sectors, with a market focus on regions like Shanghai and Dongguan in the People’s Republic of China.
Average Trading Volume: 1,211,081
Technical Sentiment Signal: Buy
Current Market Cap: HK$87.52M
See more data about 0197 stock on TipRanks’ Stock Analysis page.