Hang Yick Raises HK$82 Million via Fully Placed Rights Issue
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Hang Yick Holdings Company Limited has successfully completed a rights issue, raising approximately HK$82 million. The rights issue involved offering four rights shares for every one consolidated share, with 39.9% subscribed through valid acceptances and the remaining shares placed at HK$0.46 each. The funds will be used for project support, debt reduction, and general working capital. Following the issue, the total share capital increased to 230,280,000 shares. The latest analyst rating for the stock is a Hold with a price target of HK$0.63.
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