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Shanghai REFIRE Group Ltd. Class H ( (HK:2570) ) has provided an announcement.
Shanghai REFIRE Group Ltd. has successfully closed the placing of 563,340 new H shares, raising approximately HK$78.30 million in net proceeds. The funds will be used to strengthen the company’s financial structure by repaying loans and for general corporate purposes, marking a strategic move to bolster its financial health and operational capabilities.
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. operates in the energy sector, focusing on hydrogen fuel cell technology and related services. The company is committed to advancing clean energy solutions and enhancing its market presence in the hydrogen energy industry.
Average Trading Volume: 87,720
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$12.84B
Learn more about 2570 stock on TipRanks’ Stock Analysis page.