CaoCao Inc. Launches HK$389 Million Share Placement at Discount
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CaoCao Inc. has announced a share placement of up to 12 million new shares at HK$32.46 each, raising approximately HK$389.52 million. This represents an 8.97% discount to the last closing price. The placement will slightly dilute existing shareholders and is intended to strengthen the company's capital position. The offering is not subject to further shareholder approval and is pending regulatory approval for listing. The current analyst rating for CaoCao Inc. stock is a Buy with a price target of HK$70.00.
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