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CHK Oil ( (HK:0632) ) has shared an announcement.
CHK Oil, operating in the oil industry, announced a placement of new shares under a general mandate. The company plans to issue up to 20,000,000 new shares at a price of HK$0.385 per share, representing a discount to recent trading prices. This placement aims to raise approximately HK$7.3 million in net proceeds, which will support the development and operation of its oil fields in the USA and other general business operations. The move is expected to strengthen CHK Oil’s financial position, though completion of the placement is subject to certain conditions.
More about CHK Oil
YTD Price Performance: -16.67%
Average Trading Volume: 10,198,239
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$378.7M
For detailed information about 0632 stock, go to TipRanks’ Stock Analysis page.