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China Internet Investment Finance Holdings Ltd. ( (HK:0810) ) has shared an update.
China Castson 81 Finance Company Limited has announced a proposed rights issue on a non-fully underwritten basis to raise up to approximately HK$51.93 million by offering up to 509,107,967 rights shares at HK$0.102 each on the basis of five rights shares for every two existing shares held by qualifying shareholders. After expenses, the company expects net proceeds of about HK$49.24 million, of which roughly 70% will be allocated to investments in listed and unlisted securities, particularly in artificial intelligence, digital assets and new energy sectors, and the remaining 30% will be reserved for general working capital, including staff costs, professional fees and other operating expenses, indicating a strategy to expand its investment portfolio in growth sectors while strengthening its liquidity position.
The most recent analyst rating on (HK:0810) stock is a Hold with a HK$0.15 price target. To see the full list of analyst forecasts on China Internet Investment Finance Holdings Ltd. stock, see the HK:0810 Stock Forecast page.
More about China Internet Investment Finance Holdings Ltd.
China Castson 81 Finance Company Limited is a Bermuda-incorporated company listed on the Hong Kong Stock Exchange, operating in the finance and investment sector. The group focuses on investing in listed and unlisted securities and is targeting emerging areas such as artificial intelligence, digital assets and new energy, alongside maintaining general working capital for its operations.
Average Trading Volume: 825,783
Technical Sentiment Signal: Sell
Current Market Cap: HK$30.95M
For detailed information about 0810 stock, go to TipRanks’ Stock Analysis page.