tiprankstipranks
Trending News
More News >

China Energy Storage Technology Development Limited Announces Lapse of Major Transaction and Rights Issue

Story Highlights
  • China Energy Storage Technology Development Limited announced the lapse of a major transaction and a proposed rights issue.
  • The company plans to explore other business or fundraising opportunities despite the lapses.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China Energy Storage Technology Development Limited Announces Lapse of Major Transaction and Rights Issue

Don’t Miss TipRanks’ Half-Year Sale

Link-Asia International Medtech Group Ltd. ( (HK:1143) ) just unveiled an announcement.

China Energy Storage Technology Development Limited, formerly known as Link-Asia International MedTech Group Ltd., announced the lapse of a major transaction and a proposed rights issue. The company stated that the conditions for both the Assignment and the Rights Issue could not be fulfilled by their respective deadlines, leading to their termination. Despite these lapses, the company does not foresee any material adverse effects on its financial position and plans to explore other business or fundraising opportunities to improve its financial standing.

More about Link-Asia International Medtech Group Ltd.

Average Trading Volume: 601,331

Technical Sentiment Signal: Sell

Current Market Cap: HK$79.62M

Learn more about 1143 stock on 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