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An announcement from Central Wealth Group Holdings Limited ( (HK:0139) ) is now available.
Central Wealth Group Holdings Limited has announced a plan to place new shares under a general mandate, aiming to raise approximately HK$51 million in gross proceeds. The company intends to use the estimated net proceeds of HK$50 million to settle liabilities and for general working capital. The placement involves up to 204,755,800 new shares, representing about 20% of the existing issued share capital, and will be conducted through a placing agent on a best-effort basis. The shares will be placed with at least six independent third-party investors, and the completion of the placement is subject to certain conditions.
More about Central Wealth Group Holdings Limited
Average Trading Volume: 11,571,152
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$286.7M
Learn more about 0139 stock on TipRanks’ Stock Analysis page.