Market Insight

2024.04.24 11:27

Hot Stocks HXTL (01085) rises 54.3% on placing shares

(Infocast News) HXTL (01085) rose 54.3% to HK%$1.79 after it has agreed to place 77,600,000 Shares at HK$0.96 per Share. The Placing Price represents a discount of 17.24% to the closing price on the Last Trading Day. The number of Placing Shares represents 16.67% of the number of issued Shares of the Company as enlarged by the allotment and issue of the Placing Shares. The gross proceeds and net proceeds arising from the Placing are estimated to be HK$74.5 million and HK$72.6 million respectively. (WL)

Data Source：INF