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Central Development Holdings Limited ( (HK:0475) ) just unveiled an announcement.
Central Development Holdings Limited has entered into a Loan Capitalisation Agreement with Mr. Hu and Oceanic Capital, where Oceanic Capital will subscribe to 87,500,000 new shares at HK$0.4 each. This transaction, representing a significant portion of the company’s issued shares, is a connected transaction requiring independent shareholder approval, highlighting Mr. Hu’s role as a controlling shareholder.
The most recent analyst rating on (HK:0475) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Central Development Holdings Limited stock, see the HK:0475 Stock Forecast page.
More about Central Development Holdings Limited
Central Development Holdings Limited is a company incorporated in the Cayman Islands, focusing on various business ventures. The company’s primary activities and market focus are not explicitly detailed in the announcement.
Average Trading Volume: 73,517
Technical Sentiment Signal: Sell
Current Market Cap: HK$181.3M
Learn more about 0475 stock on TipRanks’ Stock Analysis page.