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Century City Completes Significant Share Placement to Reduce Debt

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Century City Completes Significant Share Placement to Reduce Debt

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Century City International Holdings Limited ( (HK:0355) ) has issued an announcement.

Century City International Holdings Limited, through its subsidiary Cosmopolitan, has completed a significant share placement. The placement involved 100 million new shares, which were successfully allocated to multiple independent third-party investors, raising approximately HK$10.3 million. This move aims to reduce the company’s indebtedness and slightly alters the shareholding structure, with the new shares representing about 7.46% of the enlarged share capital.

More about Century City International Holdings Limited

Average Trading Volume: 19,043,346

Technical Sentiment Signal: Sell

Current Market Cap: HK$219.6M

For a thorough assessment of 0355 stock, go to TipRanks’ Stock Analysis page.

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