Wanjia Group to Double Authorised Share Capital and Launch HK$40–47 Million Rights Issue
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Wanjia Group Holdings Ltd. plans to double its authorized share capital from HK$50 million to HK$100 million, pending shareholder approval. The company will also launch a rights issue of one new share for every existing share at HK$0.08 per share, aiming to raise approximately HK$40.82 million to HK$47.28 million. This move is intended to strengthen the company's capital base and provide funding flexibility, though it may lead to equity dilution for existing shareholders. The current analyst rating for the stock is a Hold with a price target of HK$0.14.
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