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China Carbon Neutral Development Group Limited ( (HK:1372) ) has shared an announcement.
China Carbon Neutral Development Group Limited has issued a supplemental announcement clarifying details of its previously disclosed subscription of 32,000,000 new shares under a general mandate at HK$1.50 per share. The company corrected the aggregate nominal value of the subscription shares to HK$320,000 and clarified that completion of the subscription is conditional on the company maintaining sufficient public float in accordance with the relevant listing rule, with the deal lapsing if conditions are not met by 23 January 2026. Following completion, 96,592,000 shares will remain available for future issuance under the general mandate, and the HK$48 million in gross (and net) proceeds will be used primarily to bolster working capital, including staff costs and operating overheads, with a smaller portion allocated to debt repayment, continuing the group’s recent pattern of equity and convertible bond transactions to manage indebtedness and support ongoing operations.
The most recent analyst rating on (HK:1372) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Carbon Neutral Development Group Limited stock, see the HK:1372 Stock Forecast page.
More about China Carbon Neutral Development Group Limited
China Carbon Neutral Development Group Limited is a Hong Kong-listed company incorporated in the Cayman Islands, operating under stock code 1372. The group conducts capital market activities including equity subscriptions and convertible bond issuances to support its general operations, debt management and working capital needs, reflecting a focus on maintaining liquidity and balance sheet stability within its sector.
Average Trading Volume: 3,960,905
Technical Sentiment Signal: Buy
Current Market Cap: HK$945.2M
For an in-depth examination of 1372 stock, go to TipRanks’ Overview page.