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China National Culture Group Limited ( (HK:0745) ) just unveiled an announcement.
China National Culture Group Limited successfully completed its Rights Issue, raising approximately HK$15.1 million in net proceeds. The funds will be used to develop the company’s e-commerce business and for general working capital. The Rights Issue did not alter the company’s shareholder structure, and all conditions for the issue were met, allowing for the commencement of trading in the new shares.
More about China National Culture Group Limited
China National Culture Group Limited is a company incorporated in the Cayman Islands, operating in the e-commerce industry. The company focuses on enhancing its e-commerce platform to improve consumer online shopping experiences and expanding its product portfolio by increasing its supplier pool.
YTD Price Performance: 33.62%
Average Trading Volume: 309,683
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$36.33M
For a thorough assessment of 0745 stock, go to TipRanks’ Stock Analysis page.