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China New Economy Fund Ltd. ( (HK:0080) ) has shared an announcement.
China New Economy Fund Ltd. has announced discloseable and connected transactions involving the acquisition of equity interests in two companies, Forestheaven and EXIO, totaling 12.24% combined equity interest. The acquisitions will be financed through the issuance of consideration shares under a specific mandate. Additionally, the company proposes the adoption of a new 2025 Share Scheme, replacing the expired 2015 Share Option Scheme. These moves are expected to bolster the company’s investment portfolio, enhance shareholder value, and potentially create growth opportunities in its target industries.
More about China New Economy Fund Ltd.
China New Economy Fund Ltd., formerly known as China New Economy Fund Limited, is an investment company incorporated in the Cayman Islands. It focuses on investment opportunities, including equity acquisitions, within targeted segments such as technology and other emerging industries.
Average Trading Volume: 16,538,754
Technical Sentiment Signal: Buy
Current Market Cap: HK$732.4M
Find detailed analytics on 0080 stock on TipRanks’ Stock Analysis page.