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The latest announcement is out from China Investment Development Limited ( (HK:0204) ).
Capital Realm Financial Holdings Group Limited has entered into a placing agreement with Cheong Lee Securities Limited and Berkshire Capitals Limited to issue up to 41,509,188 new shares, representing 20% of its existing issued share capital, at HK$0.183 per share to at least six independent professional investors. The placement, which is subject to Stock Exchange approval for listing and dealing of the new shares, is expected to raise net proceeds of about HK$7.36 million (assuming full placement) for future investment opportunities, resulting in a dilution of existing shareholders’ stakes to approximately 16.67% of the enlarged share capital and modestly strengthening the company’s capital base for expansion in its investment activities.
The most recent analyst rating on (HK:0204) stock is a Hold with a HK$0.20 price target. To see the full list of analyst forecasts on China Investment Development Limited stock, see the HK:0204 Stock Forecast page.
More about China Investment Development Limited
Capital Realm Financial Holdings Group Limited is a Hong Kong-listed company (stock code: 204), incorporated in the Cayman Islands and continued in Bermuda with limited liability, operating in the financial services and investment sector. The group focuses on capital markets activities and investment-related businesses, serving professional and institutional investors in Hong Kong and the region.
Average Trading Volume: 8,255,471
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$39.43M
For an in-depth examination of 0204 stock, go to TipRanks’ Overview page.