Share Placement Announcement: YOURAN DAIRY announced a top-up placing of 299 million shares and a placement of 299 million new shares to its controlling shareholder YILI, raising a total of HKD2.346 billion.
Placement Details: The shares will be placed at HKD3.92 each, representing an 8.84% discount to the previous closing price of HKD4.3, with expected net proceeds of around HKD1.159 billion after expenses.
Special Mandate Subscription: The company will also place 299 million new shares to a wholly-owned subsidiary of YILI under a special mandate, with similar pricing and expected net proceeds of approximately HKD1.171 billion.
Market Context: The short selling for YOURAN DAIRY is reported at $15.13 million, with a short selling ratio of 4.573%.
Wall Street analysts forecast 09858 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 09858 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast 09858 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 09858 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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0 Sell
Current: 4.520
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Current: 4.520
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
