ITC Properties Raises HK$161 Million via Share Issues to Fund Web3-Focused Transformation
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ITC Properties Group Limited has raised approximately HK$161.31 million through two share subscription arrangements to support its transition towards Web3 integration. The company will issue 11.5 million new shares to an independent subscriber and 130 million shares to a connected party, both at HK$1.14 per share. The funds will be allocated for Web3-driven transformation, asset-oriented investments, and general working capital. The latest analyst rating for ITC Properties stock is a Hold with a price target of HK$1.50.
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