On Friday, shares of Fuwei Films (TWG, Financial) experienced a significant surge, climbing over 140% to reach $5. The trading volume surpassed 50.89 million shares, indicating heightened investor interest.
The boost in stock price comes after the company announced the pricing of its new public offering, consisting of 27 million ordinary shares at $0.40 per share. Before deducting underwriter discounts and offering expenses, the total expected proceeds are approximately $10.8 million.
