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China Overseas Nuoxin International Holdings Limited ( (HK:0464) ) has provided an announcement.
China In-Tech Limited, incorporated in the Cayman Islands, has announced the issuance of new shares under a general mandate. The company has entered into six subscription agreements with independent subscribers to issue 46,000,000 new shares at a price of HK$0.22 per share, representing approximately 7.76% of the existing share capital. The proceeds, estimated at HK$10.0 million after expenses, are intended for debt repayment and general working capital. The completion of these subscriptions is conditional, and stakeholders are advised to exercise caution.
More about China Overseas Nuoxin International Holdings Limited
YTD Price Performance: 63.52%
Average Trading Volume: 5,448,412
Technical Sentiment Signal: Buy
Current Market Cap: HK$154.2M
Learn more about 0464 stock on TipRanks’ Stock Analysis page.