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An announcement from Capital Estate Limited ( (HK:0193) ) is now available.
Capital Estate Limited has announced a placing agreement to issue 38,865,000 new shares at a price of HK$0.267 per share, representing a 19% discount to the recent closing price. The placement, expected to raise approximately HK$10.4 million, is aimed at funding the company’s operations and general working capital, subject to approval by the Stock Exchange Listing Committee. The transaction underscores Capital Estate Limited’s strategy to strengthen its financial position while maintaining independent shareholder interest.
More about Capital Estate Limited
Capital Estate Limited, incorporated in Hong Kong, operates within the real estate industry. The company is primarily involved in property investment and development, focusing on leveraging opportunities in the Hong Kong market.
YTD Price Performance: 3.12%
Average Trading Volume: 84,795
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$64.13M
See more insights into 0193 stock on TipRanks’ Stock Analysis page.