Huanxi Media Announces Amendments to Share and Warrant Subscriptions
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Huanxi Media Group Ltd. (HK:1003) announced amendments to its Share and Warrant Subscription Agreements, increasing Subscription Shares to 727,638,000 and decreasing Warrants to 731,294,472. This is expected to generate gross proceeds of approximately HK$218,290,000 from the Subscription and HK$7,313,000 from the Warrant Subscription, potentially enhancing the company's financial position. The latest analyst rating for HK:1003 is a Hold with a price target of HK$0.50.
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