YUNFENG FIN Shares Drop 10.6% Following Announcement of HKD1.15B Fundraising via Approximately 17% Discounted Placement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 16 2025
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Source: aastocks
Stock Performance: YUNFENG FIN (00376.HK) opened down 10.64% at HKD6.55, with a significant short selling volume of $21.71 million and a ratio of 2.419%.
Share Placement Announcement: The company plans to conduct a top-up placement of 191 million shares at HKD6.1 each, representing a 16.8% discount from the previous closing price, aiming to raise approximately HKD1.15 billion.
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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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.
