Time Interconnect Plans HK$1.63 Billion Share Placing to Fund Expansion
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Time Interconnect Technology Limited plans to raise approximately HK$1.63 billion through a share placing of 108 million new shares at HK$15.22 each, representing about 5.45% of its existing share capital. The funds will be allocated to strategic investments, global business development, and working capital. This move aims to strengthen the company's balance sheet and enhance its competitiveness in international markets, although it may dilute existing shareholders. The current analyst rating for the stock is a Hold with a price target of HK$18.00.
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