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An update from Imperium Technology Group Limited ( (HK:0776) ) is now available.
Imperium Technology Group Limited has entered into a Placing Agreement with Fortune (HK) Securities Limited to issue a maximum of 74,648,500 new shares at a price of HK$0.845 per share. This move, representing about 20% of the company’s existing share capital, aims to raise approximately HK$62.35 million in net proceeds, which will be used for purposes detailed in the company’s announcement. The placement is expected to impact the company’s capital structure and market positioning, though it is contingent upon certain conditions being met.
The most recent analyst rating on (HK:0776) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Imperium Technology Group Limited stock, see the HK:0776 Stock Forecast page.
More about Imperium Technology Group Limited
Imperium Technology Group Limited is a company incorporated in the Cayman Islands, operating in the technology sector. The company is involved in various technological services and products, focusing on expanding its market presence through strategic financial maneuvers.
Average Trading Volume: 1,401,171
Technical Sentiment Signal: Sell
Current Market Cap: HK$399.4M
For detailed information about 0776 stock, go to TipRanks’ Stock Analysis page.