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The latest update is out from China Uptown Group Co. Ltd. ( (HK:2330) ).
China Uptown Group Company Limited, a company incorporated in the Cayman Islands, has successfully completed the placement of new shares under a general mandate. The placement involved 75,474,291 shares, representing approximately 16.67% of the company’s enlarged share capital, sold to three independent investors at HK$0.180 per share. The net proceeds of approximately HK$13.52 million will be used for general working capital, including staff costs, professional fees, rental payments, and general administrative expenses. This move is expected to enlarge the shareholder and capital base, strengthening the company’s financial position for future development.
More about China Uptown Group Co. Ltd.
Average Trading Volume: 2,132,547
Technical Sentiment Signal: Buy
Current Market Cap: HK$90.95M
Learn more about 2330 stock on TipRanks’ Stock Analysis page.