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China Tianbao Group Development Company Limited ( (HK:1427) ) has shared an announcement.
China Tianbao Group Development Company Limited has completed the subscription of 68,480,000 new shares under a general mandate, which took place on January 15, 2025. This issuance has resulted in a change to the company’s shareholding structure, with the Subscriber now holding a 7.80% stake. The gross proceeds of HK$27,947,362 from this subscription will be used to offset part of the company’s outstanding debt to the Subscriber, potentially improving the company’s financial position.
More about China Tianbao Group Development Company Limited
YTD Price Performance: -8.70%
Average Trading Volume: 384,844
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$170M
For an in-depth examination of 1427 stock, go to TipRanks’ Stock Analysis page.