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China Sci-Tech Announces Rights Issue Results and Compensatory Arrangements

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China Sci-Tech Announces Rights Issue Results and Compensatory Arrangements

Elevate Your Investing Strategy:

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

China Sci-Tech Industrial Investment Group Limited announced the results of its Rights Issue, revealing that approximately 25.6% of the offered Rights Shares were subscribed, leaving 74.4% unsubscribed. These unsubscribed shares will be offered to independent Placees through a Placing Agent on a best effort basis, with any premium realized to be distributed to shareholders. The outcome of this arrangement could impact the company’s financial strategy and shareholder value.

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 listed on the Hong Kong Stock Exchange under the stock code 339.

Average Trading Volume: 516,156

Technical Sentiment Signal: Sell

Current Market Cap: HK$32.26M

For a thorough assessment of 0339 stock, go to TipRanks’ Stock Analysis page.

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