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China Zenith Delays New Shares Placing Completion

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China Zenith Delays New Shares Placing Completion

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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 with limited liability, announced a delay in the completion of its new shares placing under a specific mandate. Though all conditions precedent under the Placing Agreement were met by the Long Stop Date, the completion was postponed due to certain Placees needing additional time for fund transfers. The company and the Placing Agent have extended the completion date to on or before 14 February 2025.

More about Xinyang Maojian Group

YTD Price Performance: 3.75%

Average Trading Volume: 11,741,137

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$112.2M

Learn more about 0362 stock on TipRanks’ Stock Analysis page.

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