Voicecomm to Raise HK$311.6 Million via Discounted H-Share Placement
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Shanghai Voicecomm Information Technology Co Ltd plans to raise approximately HK$311.6 million by issuing 6.73 million new H shares at a subscription price of HK$46.30 each. This represents a discount of about 19.90% to the latest closing price and will account for roughly 18.94% of the existing share capital. The issuance is subject to conditions, posing some execution risk for shareholders. The current analyst rating for the stock is a Hold with a price target of HK$53.00.
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