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Persistence Resources Group Ltd ( (HK:2489) ) has provided an announcement.
Persistence Resources Group Ltd, incorporated in the Cayman Islands, has successfully completed the placement of 400,000,000 new shares under its general mandate. The shares were placed at a price of HK$1.18 each, raising approximately HK$472 million in gross proceeds. The net proceeds, estimated at HK$466 million, will support the company’s financial strategies without any of the placees becoming substantial shareholders.
The most recent analyst rating on (HK:2489) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Persistence Resources Group Ltd stock, see the HK:2489 Stock Forecast page.
More about Persistence Resources Group Ltd
Average Trading Volume: 8,763,478
Technical Sentiment Signal: Buy
For an in-depth examination of 2489 stock, go to TipRanks’ Overview page.