Ximei Resources Adjusts Share Placement Timeline and Details Use of Proceeds
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Ximei Resources Holding Ltd. (HK:9936) has announced a change in its share placement timeline, moving the Long Stop Date from 20 October 2025 to 3 October 2025. The company plans to use the estimated net proceeds of approximately HK$98.5 million for general working capital, with allocations of HK$59.1 million for raw material procurement and HK$39.4 million for operational expenses, expected to be fully utilized by the end of 2026. Analysts rate the stock as a Buy with a target price of HK$7.00.
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