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China Tianbao Group Development Company Limited ( (HK:1427) ) has provided an update.
China Tianbao Group Development Company Limited has entered into a Subscription Agreement with an independent third-party subscriber to issue 68,480,000 new shares, representing a significant portion of the company’s expanded capital. The transaction, which involves offsetting the company’s existing debt to the subscriber, is set to proceed without requiring shareholder approval due to the existing general mandate. The subscription price represents a substantial premium over recent trading prices, reflecting confidence in the company’s future development and market performance.
More about China Tianbao Group Development Company Limited
China Tianbao Group Development Company Limited, incorporated in the Cayman Islands, operates in the healthcare industry with a focus on projects like Jingbei Health City. The company is listed on the Stock Exchange of Hong Kong.
YTD Price Performance: -3.04%
Average Trading Volume: 360,631
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$198.3M
For detailed information about 1427 stock, go to TipRanks’ Stock Analysis page.