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The latest announcement is out from China Carbon Neutral Development Group Limited ( (HK:1372) ).
China Carbon Neutral Development Group Limited has completed a share subscription of 32 million new shares at HK$1.50 each under its general mandate, raising net proceeds of about HK$48 million and increasing its total issued share capital to 674.96 million shares. The deal brings in new investor Wang Tianlong as a 4.74% shareholder, slightly dilutes existing stakes of major shareholders, and strengthens the company’s balance sheet, with roughly 85% of the funds earmarked for general working capital and 15% for debt repayment, enhancing liquidity to support ongoing operations and financial stability.
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 focused on businesses related to carbon neutrality and environmental development initiatives. Its shareholder base includes substantial investors such as China Eco Investment-linked entities and individual strategic shareholders, reflecting a market focus on low-carbon and sustainability-oriented opportunities in Greater China.
Average Trading Volume: 3,830,921
Technical Sentiment Signal: Hold
Current Market Cap: HK$880.9M
For a thorough assessment of 1372 stock, go to TipRanks’ Stock Analysis page.