Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
CMON Limited ( (HK:1792) ) has issued an announcement.
CMON Limited has entered into a Placing Agreement with Grand China Securities Limited to issue up to 361,200,000 new shares at a price of HK$0.018 per share, representing a discount to recent trading prices. This placement, which does not require further shareholder approval, aims to raise approximately HK$6.3 million in net proceeds for general working capital. The transaction could potentially impact the company’s share capital by increasing it by 16.67% upon completion, pending fulfillment of certain conditions.
More about CMON Limited
CMON Limited is a company incorporated in the Cayman Islands, operating with limited liability. The company is listed on the Stock Exchange of Hong Kong and is involved in the issuance and placement of shares.
Average Trading Volume: 7,125,471
Technical Sentiment Signal: Sell
Current Market Cap: HK$37.93M
See more data about 1792 stock on TipRanks’ Stock Analysis page.