China Uptown Group Completes Shares Issuance
Company Announcements

China Uptown Group Completes Shares Issuance

China Uptown Group Co. Ltd. (HK:2330) has released an update.

China Uptown Group Co. Ltd. has announced the completion of their Rights Issue and Placing, despite not being able to place any shares at the intended price of HK$0.15 per share. The Rights Issue saw a low uptake with only about 1.8% of the available shares being subscribed. The company plans to use the HK$0.56 million net proceeds for professional fees and general working capital.

For further insights into HK:2330 stock, check out TipRanks’ Stock Analysis page.

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