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An update from China Overseas Nuoxin International Holdings Limited ( (HK:0464) ) is now available.
China In-Tech Limited has announced a share placement under a general mandate, agreeing to place a maximum of 46,000,000 new shares at a price of HK$0.225 each, representing approximately 7.76% of the company’s existing share capital. The gross proceeds are expected to be HK$10.35 million, with net proceeds of HK$10.00 million earmarked for general working capital. This strategic move reflects the company’s efforts to raise funds and may impact shareholder value due to the potential dilution of shares.
More about China Overseas Nuoxin International Holdings Limited
YTD Price Performance: -5.66%
Average Trading Volume: 898,400
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$88.97M
See more insights into 0464 stock on TipRanks’ Stock Analysis page.