Hands Form Holdings Announces Share Subscription Agreement with Major Shareholder
Hands Form Holdings Limited has entered into a Subscription Agreement with its major shareholder, China Wacan Group Company Limited, to issue 112,320,000 new shares at HK$0.3965 each, raising approximately HK$44.5 million. This connected transaction will increase the company's share capital by about 23.08% and requires approval at an Extraordinary General Meeting. The current analyst rating for HK:1920 is a Hold with a price target of HK$0.50.
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Hands Form Holdings Limited ( (HK:1920) ) has shared an update.
Hands Form Holdings Limited has entered into a Subscription Agreement with its controlling shareholder, China Wacan Group Company Limited, to issue 112,320,000 new shares at a price of HK$0.3965 per share, raising approximately HK$44.5 million. This transaction, which constitutes a connected transaction under Hong Kong’s Listing Rules, will increase the company’s issued share capital by about 23.08% and is subject to approval at an Extraordinary General Meeting.
The most recent analyst rating on (HK:1920) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Hands Form Holdings Limited stock, see the HK:1920 Stock Forecast page.
More about Hands Form Holdings Limited
Average Trading Volume: 1,386,327
Technical Sentiment Signal: Sell
Current Market Cap: HK$147.9M
