Huanxi Media Announces Amendments to Share and Warrant Subscriptions
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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Huanxi Media Group Ltd. ( (HK:1003) ) has provided an announcement.
Huanxi Media Group Ltd. announced amendments to its Share Subscription and Warrant Subscription Agreements, increasing the number of Subscription Shares to 727,638,000 and decreasing the number of Warrants to 731,294,472. These changes are expected to result in gross proceeds of approximately HK$218,290,000 from the Subscription and HK$7,313,000 from the Warrant Subscription, which will impact the company’s share capital and potentially enhance its financial position.
The most recent analyst rating on (HK:1003) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Huanxi Media Group Ltd. stock, see the HK:1003 Stock Forecast page.
More about Huanxi Media Group Ltd.
Huanxi Media Group Ltd. operates in the media and entertainment industry, focusing on film and television production and distribution. The company is known for producing and distributing a variety of content aimed at the Chinese market.
Average Trading Volume: 14,348,420
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$1.21B
