China Wood International Holding Co., Limited (HK:1822) has released an update.
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China Wood International Holding Co. is planning a rights issue to raise approximately HK$45.6 million by offering one rights share for every existing share held. The net proceeds are intended for investment in the functional food and beverage sector in China and for general working capital. This financial move requires shareholder approval as it significantly increases the company’s share capital.
For further insights into HK:1822 stock, check out TipRanks’ Stock Analysis page.