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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.