tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

China Energy Development Announces Capital Reorganisation and Rights Issue

Story Highlights
China Energy Development Announces Capital Reorganisation and Rights Issue

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

China Energy Development Holdings Limited ( (HK:0228) ) has shared an update.

China Energy Development Holdings Limited announced a proposed capital reorganisation involving share consolidation, capital reduction, and share subdivision, aimed at restructuring its share capital. Additionally, the company plans a rights issue to raise approximately HK$238.7 million, which will be used to bolster its capital reserves and support business opportunities in the natural gas sector in China.

More about China Energy Development Holdings Limited

China Energy Development Holdings Limited operates in the energy sector, focusing primarily on the exploration, production, and distribution of natural gas within the People’s Republic of China.

Average Trading Volume: 8,322,878

Technical Sentiment Signal: Sell

Current Market Cap: HK$596.1M

For detailed information about 0228 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1