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Jiangsu Zenergy Battery Technologies Group Co Ltd. Class H ( (HK:3677) ) has provided an announcement.
Jiangsu Zenergy Battery Technologies Group Co., Ltd. announced a placement of 45,921,000 new H Shares at a price of HK$10.98 per share, representing a discount to recent market prices. This move is expected to raise approximately HK$500.38 million in net proceeds, which will strengthen the company’s financial position and potentially enhance its market competitiveness. The placement is contingent upon receiving approval from the Stock Exchange’s Listing Committee, and the company advises caution to shareholders and potential investors as the deal may not proceed.
The most recent analyst rating on (HK:3677) stock is a Buy with a HK$18.00 price target. To see the full list of analyst forecasts on Jiangsu Zenergy Battery Technologies Group Co Ltd. Class H stock, see the HK:3677 Stock Forecast page.
More about Jiangsu Zenergy Battery Technologies Group Co Ltd. Class H
Jiangsu Zenergy Battery Technologies Group Co., Ltd. is a company incorporated in the People’s Republic of China, focusing on battery technologies. The company is listed on the Hong Kong Stock Exchange and operates within the energy sector, specializing in the development and production of advanced battery solutions.
Average Trading Volume: 5,133,713
Technical Sentiment Signal: Strong Buy
For detailed information about 3677 stock, go to TipRanks’ Stock Analysis page.