JNBY Design Launches Discounted Share Placement to Raise About HK$270 Million
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JNBY Design Limited has announced a placing agreement to issue 14,535,000 new shares at HK$18.78 each, aiming to raise approximately HK$270 million. This price reflects a 9.01% discount to the last closing price. The funds will be used as per the company's stated plans, but the transaction is subject to standard conditions. Analysts currently rate the stock as a Buy with a target price of HK$21.50. JNBY Design is a fashion company listed on the Hong Kong Stock Exchange under stock code 3306.
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