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Huayi Tencent Entertainment Co., Ltd. ( (HK:0419) ) has shared an announcement.
Huayi Tencent Entertainment Co., Ltd. has entered into a Subscription Agreement to issue 638,000,000 new shares at a price of HK$0.039 per share, representing a discount to recent trading prices. This move aims to raise approximately HK$24,662,000 in net proceeds, potentially impacting the company’s share capital by increasing it by approximately 4.49%. The subscription is conditional and does not require shareholder approval, with an application for listing the new shares to be submitted.
More about Huayi Tencent Entertainment Co., Ltd.
Average Trading Volume: 12,514,993
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$584.2M
Learn more about 0419 stock on TipRanks’ Stock Analysis page.