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Chaoda Modern Agriculture Clarifies Share Placement Announcement

Story Highlights
  • Chaoda Modern Agriculture focuses on agricultural production and distribution.
  • The company clarified a clerical error regarding the use of proceeds from new share placement.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Chaoda Modern Agriculture Clarifies Share Placement Announcement

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Chaoda Modern Agriculture Holdings ( (HK:0682) ) has provided an update.

Chaoda Modern Agriculture Holdings announced a clarification regarding a previous announcement about the placement of new shares under a general mandate. The company clarified a clerical error in the English version of the announcement, stating that the net proceeds from the share placement will be used for general working capital. The Chinese version of the announcement was unaffected, and no other information in the original announcement has changed.

More about Chaoda Modern Agriculture Holdings

Chaoda Modern Agriculture Holdings is a company operating in the agriculture industry, focusing on the production and distribution of agricultural products. The company is involved in modern agricultural practices and aims to enhance its market presence through strategic initiatives.

YTD Price Performance: 15.09%

Average Trading Volume: 381,642

Technical Sentiment Signal: Hold

Current Market Cap: HK$51.08M

Learn more about 0682 stock on TipRanks’ Stock Analysis page.

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