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China Huajun Group Limited ( (HK:0377) ) has provided an update.
China Huajun Group Limited, incorporated in Bermuda, announced a subscription agreement for the issuance of 12,000,000 new shares at a price of HK$1 per share. This move is expected to raise approximately HK$12.0 million in gross proceeds, with net proceeds of about HK$11.9 million intended for debt repayment and general working capital. The subscription represents a significant portion of the company’s share capital, potentially impacting its financial structure and market positioning.
More about China Huajun Group Limited
Average Trading Volume: 6,586
Technical Sentiment Signal: Hold
Current Market Cap: HK$61.54M
For a thorough assessment of 0377 stock, go to TipRanks’ Stock Analysis page.