China Shenghai Group Limited (HK:1676) has released an update.
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China Shenghai Group Limited’s recent Rights Issue was largely undersubscribed, with only about 5.42% of the rights shares accepted. The company managed to place 39.30% of the unsubscribed shares to independent investors, leaving a total of 44.72% of the rights shares successfully allotted. This development resulted in a shift in the company’s shareholding structure.
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