Equity Research Report New Hope Liuhe (000876 CH) Private Placement Advanced, Debt-to-Asset Ratio to Improve Huatai Research Announcement Comment Rating (Maintain): OVERWEIGHT Target price (RMB): 10.55 12 August 2024 │ China (Mainland) Agribusiness B/S to improve on private placement and profit enhancement Following the release of a draft private placement (PP) plan in December 2023, New Hope Liuhe (NH) recently published a revised version, cutting the fundraising amount from RMB7.35bn to RMB3.8mn. We expec ...