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Rept Battero Energy Company Ltd Class H ( (HK:0666) ) has provided an announcement.
REPT Battero Energy Co., Ltd. announced a placement of new H shares under a general mandate, involving up to 60 million shares at a price of HK$13.35 each, representing a significant discount to recent trading prices. This placement is expected to raise gross proceeds of approximately HK$801 million, enhancing the company’s financial position and potentially strengthening its market presence without requiring additional shareholder approval.
The most recent analyst rating on (HK:0666) stock is a Hold with a HK$14.00 price target. To see the full list of analyst forecasts on Rept Battero Energy Company Ltd Class H stock, see the HK:0666 Stock Forecast page.
More about Rept Battero Energy Company Ltd Class H
REPT Battero Energy Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the energy sector. The company focuses on the development and distribution of energy solutions, with a market focus on expanding its reach through strategic share placements.
Average Trading Volume: 7,574,354
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$32.29B
For detailed information about 0666 stock, go to TipRanks’ Stock Analysis page.