YUNFENG FIN Raises HKD1.15B Through Top-up Placement at a 16.8% Discount
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 16 2025
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Source: aastocks
Share Placement Announcement: YUNFENG FIN announced a top-up placement of 191 million shares, representing about 4.71% of its enlarged share capital, at a price of HKD6.1 per share, which is a 16.8% discount from the previous closing price of HKD7.33.
Use of Proceeds: The company expects to raise approximately HKD1.15 billion from the placement, with around 70% allocated for system upgrades and talent recruitment, and 30% for general working capital.
Analyst Views on 00376
Wall Street analysts forecast 00376 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00376 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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Current: 3.610
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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.
