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ISP Holdings Limited ( (HK:2340) ) just unveiled an update.
ISP Holdings Limited announced the results of its rights issue, which was significantly oversubscribed. The company received valid acceptances for 570,881,996 Rights Shares, representing approximately 268.75% of the total available, indicating strong investor interest. The net proceeds from the rights issue, approximately HK$10.13 million, will be allocated towards legal costs and general working capital, potentially strengthening the company’s financial position and operational capabilities.
More about ISP Holdings Limited
ISP Holdings Limited is a company incorporated in Bermuda with limited liability, primarily involved in the financial sector. The company is listed on the Hong Kong Stock Exchange under the stock code 02340.
Average Trading Volume: 553,630
Technical Sentiment Signal: Sell
Current Market Cap: HK$69.46M
See more insights into 2340 stock on TipRanks’ Stock Analysis page.