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Shanghai REFIRE Group Ltd. Class H ( (HK:2570) ) just unveiled an update.
Shanghai REFIRE Group Ltd. announced modifications to its proposed placing of new H shares, adjusting the placing price to HK$142.00 and reducing the number of shares to 563,340. This strategic move aims to raise approximately HK$78.30 million in net proceeds, which will be used to repay outstanding bank loans and for general corporate purposes, reflecting the company’s efforts to strengthen its financial position.
The most recent analyst rating on (HK:2570) stock is a Hold with a HK$209.00 price target. To see the full list of analyst forecasts on Shanghai REFIRE Group Ltd. Class H stock, see the HK:2570 Stock Forecast page.
More about Shanghai REFIRE Group Ltd. Class H
Shanghai REFIRE Group Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the financial sector. The company is involved in the issuance and trading of H shares, focusing on enhancing its financial structure and supporting general corporate purposes.
Average Trading Volume: 87,495
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$13.65B
For detailed information about 2570 stock, go to TipRanks’ Stock Analysis page.