Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
An announcement from CMON Limited ( (HK:1792) ) is now available.
CMON Limited has signed a placing agreement with Grand China Securities Limited to issue up to 10,320,000 new shares under its existing general mandate at HK$0.80 per share to at least six independent investors. The new shares represent 20% of the company’s existing issued share capital and about 16.67% of its enlarged share capital, and the placing price reflects a discount to recent market prices, with expected net proceeds of approximately HK$7.9 million earmarked entirely for general working capital, subject to customary conditions and regulatory approval for listing and dealing in the new shares.
More about CMON Limited
CMON Limited is a company listed on the Main Board of the Hong Kong Stock Exchange (Stock Code: 1792). While this announcement does not specify its business operations, the company raises capital through equity placements under a general mandate, indicating reliance on public market financing to support its working capital needs and ongoing activities.
Average Trading Volume: 473,672
Technical Sentiment Signal: Sell
Current Market Cap: HK$46.96M
For detailed information about 1792 stock, go to TipRanks’ Stock Analysis page.