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China Rare Earth Holdings ( (HK:0769) ) has shared an announcement.
China Rare Earth Holdings has announced a subscription agreement to issue 48,750,000 new shares at a price of HK$0.32 each, representing a discount to the recent trading prices. This move is expected to raise approximately HK$15.5 million in net proceeds, which will be used for the company’s working capital. The issuance will slightly increase the company’s share capital by about 2%, but the subscriber will not become a substantial shareholder.
More about China Rare Earth Holdings
YTD Price Performance: -3.33%
Average Trading Volume: 28,926
Technical Sentiment Signal: Hold
Current Market Cap: $120.8M
Learn more about 0769 stock on TipRanks’ Stock Analysis page.