China Carbon Neutral Development Group Plans HK$48 Million Share Subscription to Bolster Capital

China Carbon Neutral Development Group Limited ( (HK:1372) ) has provided an update.

China Carbon Neutral Development Group Limited has entered into a subscription agreement with an individual investor, Wang Tianlong, to issue 32 million new shares at HK$1.50 per share under its existing general mandate, representing approximately 4.98% of its current issued share capital and 4.74% of its enlarged share capital. The placement, priced at a modest discount to recent market levels and not requiring separate shareholder approval, is intended to raise HK$48 million in nominal value and will proceed subject to Stock Exchange approval for listing and trading of the new shares and the company maintaining sufficient public float, potentially strengthening its capital base while moderately diluting existing shareholders.

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, with its shares traded on the Main Board of the Stock Exchange of Hong Kong under stock code 1372. The announcement indicates it operates as an investment holding company with activities financed through equity issuance, though the specific industry segment and core products or services are not detailed in this release.

Average Trading Volume: 6,236,524

Technical Sentiment Signal: Buy

Current Market Cap: HK$958M

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