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The latest update is out from China Properties Investment Holdings Limited ( (HK:0736) ).
China Properties Investment Holdings Limited has entered into agreements to issue 53,433,000 new shares, representing approximately 20% of its existing issued shares. The shares are priced at HK$0.43 each, which is an 18.87% discount to the recent trading price. The proceeds from this issuance are intended for cryptocurrency acquisition and to bolster working capital. This strategic move could potentially enhance the company’s financial flexibility and position in the market, though the completion of these subscriptions is contingent on certain conditions being met.
More about China Properties Investment Holdings Limited
Average Trading Volume: 2,265,760
Technical Sentiment Signal: Buy
Current Market Cap: HK$149.6M
Find detailed analytics on 0736 stock on TipRanks’ Stock Analysis page.