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China Properties Investment Holdings Limited ( (HK:0736) ) has shared an announcement.
China Properties Investment Holdings Limited announced a change in the use of net proceeds from its recent share subscriptions, originally intended for cryptocurrency investments and working capital. The company will now allocate all proceeds, approximately HK$22,970,000, to replenish working capital and cover corporate expenses such as rent, salaries, and legal fees. This decision aims to enhance financial flexibility and align with current operational needs, without adversely affecting the company’s existing business.
More about China Properties Investment Holdings Limited
China Properties Investment Holdings Limited is a company incorporated in Bermuda, operating with a focus on property investment and development. The company is involved in various corporate activities, including managing its financial resources and exploring investment opportunities.
Average Trading Volume: 3,390,649
Technical Sentiment Signal: Buy
Current Market Cap: HK$219.1M
For a thorough assessment of 0736 stock, go to TipRanks’ Stock Analysis page.