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Shanghai REFIRE Group Ltd. Class H ( (HK:2570) ) just unveiled an update.
Shanghai REFIRE Group Ltd., a company incorporated in China, has announced the placement of new H shares under a general mandate. The company has entered into an agreement with joint placing agents to sell 583,860 placing shares at a price of HK$137.00 each, representing a discount to recent trading prices. This placement is expected to raise approximately HK$78.30 million in net proceeds, which the company plans to allocate for purposes detailed in their announcement. The placement does not require shareholder approval and is subject to certain conditions, with the shares expected to be listed on the Hong Kong Stock Exchange.
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
Average Trading Volume: 87,289
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$13.65B
For a thorough assessment of 2570 stock, go to TipRanks’ Stock Analysis page.