Litian Pictures to Raise HK$14 Million via Share Placement at Market Price
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Litian Pictures Holdings Limited plans to raise approximately HK$14 million through a share placement of up to 72 million new shares at HK$0.20 each, representing 20% of its existing share capital. The placement is priced at the last closing price and is aimed at general working capital. However, completion is conditional, and if executed, it may dilute existing shareholders. The latest analyst rating for the stock is a Sell with a price target of HK$0.16.
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