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Star Plus Legend Holdings Announces Share Placement and Subscription

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Star Plus Legend Holdings Announces Share Placement and Subscription

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Star Plus Legend Holdings Limited ( (HK:6683) ) just unveiled an update.

Star Plus Legend Holdings Limited, incorporated in the Cayman Islands, is involved in the financial sector, focusing on share placements and subscriptions. The company has announced a placing and top-up subscription agreement involving 37,524,500 shares at a price of HK$9.13 per share, which represents a discount to recent trading prices. This move is expected to generate gross proceeds of HK$342.6 million and net proceeds of HK$324.1 million, potentially impacting the company’s market positioning by increasing its share capital without requiring shareholder approval.

More about Star Plus Legend Holdings Limited

Average Trading Volume: 57,170,129

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$9.78B

For a thorough assessment of 6683 stock, go to TipRanks’ Stock Analysis page.

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