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The latest update is out from China International Development Corporation Limited ( (HK:0264) ).
China International Development Corporation Limited has announced a significant acquisition and share placement. The company will acquire 20% of the issued share capital of a target company for HK$100 million, with part of the payment made in cash and the rest through the issuance of new shares. Additionally, the company plans to place 44 million new shares to raise approximately HK$60.9 million, which will be used to fund the acquisition and enhance its working capital. This strategic move is expected to strengthen the company’s financial position and expand its market presence.
The most recent analyst rating on (HK:0264) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China International Development Corporation Limited stock, see the HK:0264 Stock Forecast page.
More about China International Development Corporation Limited
Average Trading Volume: 2,702,251
Technical Sentiment Signal: Hold
Current Market Cap: HK$509.5M
For an in-depth examination of 0264 stock, go to TipRanks’ Overview page.