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C Cheng Holdings Ltd. ( (HK:1486) ) has shared an announcement.
C Cheng Holdings Ltd. has announced the cancellation of 22,100,000 outstanding share options and proposed a rights issue to raise approximately HK$14.4 million. The proceeds will be used to develop the company’s business in the MENA region, enhance IT infrastructure with AI technology, and for general working capital. This strategic move is aimed at bolstering the company’s operations and market positioning, potentially benefiting stakeholders by improving project delivery and business development.
More about C Cheng Holdings Ltd.
C Cheng Holdings Ltd. is a company incorporated in the Cayman Islands, operating with a focus on delivering high-quality projects. The company is involved in the development and strengthening of its business in the MENA region, and it is enhancing its information technology infrastructure.
YTD Price Performance: -14.29%
Average Trading Volume: 71,416
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$86.48M
See more insights into 1486 stock on TipRanks’ Stock Analysis page.