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The latest announcement is out from Chaoda Modern Agriculture Holdings ( (HK:0682) ).
Chaoda Modern Agriculture Holdings has announced a new share placement under a general mandate, involving up to 32,950,000 new shares, which represents approximately 20% of the existing issued share capital. The shares will be placed at a price of HK$0.225 each, reflecting a discount to recent trading prices. The proceeds, estimated to be around HK$7.19 million after expenses, will be used for debt repayment and general working capital. This move aims to strengthen the company’s financial position, although the completion of the placement is subject to certain conditions.
More about Chaoda Modern Agriculture Holdings
Average Trading Volume: 285,375
Technical Sentiment Signal: Hold
Current Market Cap: HK$43.67M
For an in-depth examination of 0682 stock, go to TipRanks’ Overview page.