Zhixin Group Plans Discounted Share Subscription to Raise Capital Under General Mandate
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Zhixin Group Holding Limited (HK:2187) announced plans to raise capital by issuing 149.6 million new shares at HK$0.68 each, representing a 15% discount to the latest closing price. This issuance, under its existing general mandate, will dilute existing shareholders but strengthen the company's capital base. The placement does not require additional shareholder approval, allowing for a quicker fundraising process. Analysts currently rate the stock as a Buy with a price target of HK$0.86.
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