Heng Tai Announces Share Placing and Subscription to Boost Operations
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Heng Tai Consumables Group (HK:0197) announced a share placing and subscription agreement for 30,606,157 shares at HK$0.476 each, aiming to raise approximately HK$14.2 million. The funds will be used for refurbishing logistics centers, purchasing equipment, expanding the workforce, and general working capital. The transaction's completion is subject to certain conditions. The latest analyst rating for the stock is a Hold with a price target of HK$0.50.
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