Weimob Closes Tranche 2A Share Placement Under General Mandate
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Weimob has completed the issuance of 172,123,000 Tranche 2A subscription shares at HK$2.26 each under its general mandate, maintaining its public float above 25%. This placement, made with Infini Global Master Fund, is part of the company's multi-step capital raise strategy. The latest analyst rating for Weimob (HK:2013) is a Hold with a price target of HK$2.50. Weimob operates in China's cloud-based commerce and marketing services sector, providing SaaS tools for merchants.
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