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China Huajun Group Limited ( (HK:0377) ) has shared an update.
China Huajun Group Limited announced a subscription of new shares under a general mandate, expected to generate net proceeds of approximately HK$11.9 million. These funds will be allocated towards settling consent fees, general working capital, and cash repayment obligations. The announcement also addressed an issue of insufficient public float due to an increase in shareholding by Ouke Group Holdings Limited, which had previously made Ouke a core connected person of the company. However, following the completion of the share subscription, Ouke’s shareholding will decrease, resolving the public float issue and reclassifying Ouke’s shares as public.
More about China Huajun Group Limited
China Huajun Group Limited is a company incorporated in Bermuda with limited liability, involved in various business operations including a printing business. The company is listed on the Hong Kong Stock Exchange and focuses on managing its financial operations and shareholder interests.
Average Trading Volume: 11,459
Technical Sentiment Signal: Hold
Current Market Cap: HK$65.24M
See more data about 0377 stock on TipRanks’ Stock Analysis page.