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The latest update is out from China Overseas Nuoxin International Holdings Limited ( (HK:0464) ).
China In-Tech Limited, listed on the Hong Kong Stock Exchange, has completed the issuance of 117,088,000 new shares under a general mandate at a subscription price of HK$0.9 per share. This issuance represents approximately 15.48% of the company’s enlarged share capital, raising gross proceeds of approximately HK$105.4 million. The net proceeds of HK$102.9 million are intended for purposes outlined in previous announcements. The completion of this share issuance does not result in any of the subscribers becoming substantial shareholders or connected persons under the listing rules.
The most recent analyst rating on (HK:0464) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Overseas Nuoxin International Holdings Limited stock, see the HK:0464 Stock Forecast page.
More about China Overseas Nuoxin International Holdings Limited
Average Trading Volume: 9,059,270
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.24B
See more data about 0464 stock on TipRanks’ Stock Analysis page.