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China Uptown Group Co. Ltd. ( (HK:2330) ) has shared an update.
China Uptown Group Co. Ltd. has announced a new share placement under a general mandate, involving up to 75,474,291 new shares at a price of HK$0.180 per share. This placement represents 20% of the existing total issued shares and is expected to raise approximately HK$13.52 million in net proceeds, which will be used for general working capital including staff costs, professional fees, rental payments, and other administrative expenses.
More about China Uptown Group Co. Ltd.
Average Trading Volume: 1,398,000
Technical Sentiment Signal: Buy
Current Market Cap: HK$61.89M
For a thorough assessment of 2330 stock, go to TipRanks’ Stock Analysis page.