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China Sinostar Group Company Limited ( (HK:0485) ) has provided an announcement.
China Sinostar Group Company Limited has completed a share subscription under its general mandate, issuing 42 million new shares at HK$0.30 per share to a new subscriber, representing about 16.48% of its enlarged share capital. Following the transaction, the company’s total issued shares increased from 212.84 million to 254.84 million, with the stake held by controlling shareholder Achieve Prosper Capital Limited (beneficially owned by CEO Wang Xing Qiao) diluted from 68.55% to 57.25%, while public shareholding has also been diluted, potentially broadening the shareholder base and enhancing the company’s capital position.
The most recent analyst rating on (HK:0485) stock is a Hold with a HK$0.43 price target. To see the full list of analyst forecasts on China Sinostar Group Company Limited stock, see the HK:0485 Stock Forecast page.
More about China Sinostar Group Company Limited
China Sinostar Group Company Limited is a Bermuda-incorporated company listed on the Hong Kong Stock Exchange under stock code 485. The announcement does not specify its industry or core business lines, but it operates with a controlling shareholder, Achieve Prosper Capital Limited, wholly owned by its chief executive officer, Mr. Wang Xing Qiao, who holds a majority stake alongside other public shareholders.
Average Trading Volume: 166,725
Technical Sentiment Signal: Buy
Current Market Cap: HK$91.52M
For detailed information about 0485 stock, go to TipRanks’ Stock Analysis page.