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China Sci-Tech Completes Rights Issue, Restructures Shareholding

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China Sci-Tech Completes Rights Issue, Restructures Shareholding

Elevate Your Investing Strategy:

An update from Core Economy Investment Group Limited ( (HK:0339) ) is now available.

China Sci-Tech Industrial Investment Group Limited announced the results of its Rights Issue, which offered one Rights Share for every two existing shares on a non-underwritten basis. The Rights Issue raised approximately HK$9.2 million in net proceeds, which will be used to repay outstanding liabilities and for general working capital. The issue resulted in a significant change in the company’s shareholding structure, with P.B. Capital OFC becoming a major shareholder.

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.

Average Trading Volume: 636,191

Technical Sentiment Signal: Sell

Current Market Cap: HK$36M

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

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