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Many Idea Cloud Holdings Limited ( (HK:6696) ) just unveiled an announcement.
Many Idea Cloud Holdings Limited has announced an extraordinary general meeting to discuss and potentially approve a Rights Issue and related transactions. The company plans to issue 576,000,000 Rights Shares at a subscription price of HK$0.4753 per share, with specific provisions for Qualifying and Non-Qualifying Shareholders. This move is aimed at raising capital and involves a Placing Agreement with a Placing Agent, which has been ratified by the board.
More about Many Idea Cloud Holdings Limited
Average Trading Volume: 766,357
Technical Sentiment Signal: Sell
Current Market Cap: HK$63.36M
For a thorough assessment of 6696 stock, go to TipRanks’ Stock Analysis page.