YOFC (06869) surged 5.17% during intraday trading on Wednesday, following the company's announcement of a HK$2.23 billion H-share placement.
The placement involves 70 million new H shares priced at HK$32.26 each, representing a 14.9% discount to the last closing price. The proceeds will primarily be used to expand YOFC's overseas business, with the remainder allocated for general working capital. Investors appear optimistic about the company's growth prospects despite the discounted offering.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments