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InnoScience (Suzhou) Technology Holding Co Ltd Class H ( (HK:2577) ) just unveiled an announcement.
InnoScience (Suzhou) Technology Holding Co., Ltd. has successfully completed the placement of 20,700,000 new H Shares, representing a significant portion of its issued shares, to six independent placees at a price of HK$75.58 per share. This strategic move is expected to bolster the company’s financial position, enhance market competitiveness, and support its long-term sustainable development. The net proceeds of approximately HK$1,550.425 million will be allocated towards capacity expansion, repaying interest-bearing liabilities, and general corporate purposes, including potential investments both domestically and internationally.
The most recent analyst rating on (HK:2577) stock is a Buy with a HK$54.29 price target. To see the full list of analyst forecasts on InnoScience (Suzhou) Technology Holding Co Ltd Class H stock, see the HK:2577 Stock Forecast page.
More about InnoScience (Suzhou) Technology Holding Co Ltd Class H
InnoScience (Suzhou) Technology Holding Co., Ltd. is a company incorporated in the People’s Republic of China, operating in the technology sector. It focuses on the development and production of advanced technology solutions, with a market emphasis on enhancing financial strength and competitiveness.
Average Trading Volume: 10,414,068
Technical Sentiment Signal: Strong Buy
For a thorough assessment of 2577 stock, go to TipRanks’ Stock Analysis page.