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Xinyang Maojian Group ( (HK:0362) ) has issued an announcement.
China Zenith Chemical Group Limited, a company incorporated in the Cayman Islands and continued in Bermuda, announced the termination of its planned share placement under specific mandate due to recent market conditions and trading prices. The termination of the agreement with Leeds Securities Investment Limited will not adversely affect the company’s operations. The company plans to pursue additional fundraising efforts to address its indebtedness and other needs.
More about Xinyang Maojian Group
YTD Price Performance: -15.00%
Average Trading Volume: 12,478,531
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$91.91M
Learn more about 0362 stock on TipRanks’ Stock Analysis page.