Shangshan Gold Completes HK$90 Million Share Placement for Global Expansion

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Tokyo Chuo Auction Holdings Ltd. ( (HK:1939) ) has shared an announcement.

Shangshan Gold International Holdings Limited has completed the placing of 11,880,000 new shares, representing approximately 2.32% of its enlarged issued share capital, at a price of HK$7.71 per share. The net proceeds of approximately HK$90 million will be used for global channel layout and brand system construction, including the development of flagship stores and branding efforts, as well as technology upgrades and the relocation of the global headquarters. This strategic move aims to enhance the company’s market presence and operational capabilities.

The most recent analyst rating on (HK:1939) stock is a Hold with a HK$9.00 price target. To see the full list of analyst forecasts on Tokyo Chuo Auction Holdings Ltd. stock, see the HK:1939 Stock Forecast page.

More about Tokyo Chuo Auction Holdings Ltd.

Average Trading Volume: 2,834,327

Technical Sentiment Signal: Buy

Current Market Cap: HK$4.19B

Find detailed analytics on 1939 stock on TipRanks’ Stock Analysis page.

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