Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
KNT Holdings Limited ( (HK:1025) ) has issued an announcement.
KNT Holdings Limited, incorporated in the Cayman Islands, has announced a proposed rights issue to raise approximately HK$40.4 million by issuing up to 202,183,720 Rights Shares at HK$0.20 per share. The proceeds are intended for debt repayment and general working capital. The rights issue is non-underwritten and available only to qualifying shareholders, with no excess application arrangements. The company has also entered into a placing agreement to offer unsubscribed shares to independent placees, ensuring the rights issue proceeds irrespective of subscription levels.
The most recent analyst rating on (HK:1025) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on KNT Holdings Limited stock, see the HK:1025 Stock Forecast page.
More about KNT Holdings Limited
Average Trading Volume: 1,907,711
Technical Sentiment Signal: Sell
Current Market Cap: HK$44.48M
For detailed information about 1025 stock, go to TipRanks’ Stock Analysis page.