Core Economy Investment Group Limited ( (HK:0339) ) just unveiled an update.
China Sci-Tech Industrial Investment Group Limited announced a share placement under a general mandate, aiming to issue up to 57 million new shares at a price of HK$0.17 each. This move, representing a significant portion of the company’s share capital, is expected to raise approximately HK$9.54 million in net proceeds, which will be used for future investments and general working capital, potentially strengthening the company’s financial position and operational capabilities.
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. The company focuses on industrial investments and business development, leveraging its position to enhance its market presence.
Average Trading Volume: 73,722
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$57.6M
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