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China Sci-Tech Announces Lapse of Share Placing Agreement

Story Highlights
  • China Sci-Tech operates in the investment industry, focusing on industrial investments.
  • The company’s Placing Agreement for new shares lapsed, but it will seek new opportunities.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Core Economy Investment Group Limited ( (HK:0339) ) has provided an update.

China Sci-Tech Industrial Investment Group Limited announced the lapse of its Placing Agreement for new shares as the conditions were not met by the deadline. Despite this setback, the company remains committed to exploring opportunities for placing new shares at optimal prices, indicating a strategic focus on capital raising to support its investment activities.

More about Core Economy Investment Group Limited

China Sci-Tech Industrial Investment Group Limited, formerly known as Core Economy Investment Group Limited, operates in the investment industry with a focus on industrial investments. The company is incorporated in Bermuda and is listed on the Hong Kong Stock Exchange.

YTD Price Performance: -8.00%

Average Trading Volume: 75,375

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$52.7M

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