Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
The latest announcement is out from China New Economy Fund Ltd. ( (HK:0080) ).
China New Economy Fund Ltd. has announced a proposed rights issue to raise up to approximately HK$231.65 million by offering one rights share for every two existing shares held. The controlling shareholder, holding 50.77% of the company’s shares, has committed to maintaining its shareholding and participating in the rights issue, ensuring a significant level of support. This move is not subject to shareholder approval under the Listing Rules, as it does not increase the company’s market capitalization by more than 50%.
More about China New Economy Fund Ltd.
Average Trading Volume: 33,056,874
Technical Sentiment Signal: Buy
Current Market Cap: HK$646.7M
Find detailed analytics on 0080 stock on TipRanks’ Stock Analysis page.