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China Finance Investment Holdings Limited ( (HK:0875) ) has provided an announcement.
Congyu Intelligent Agricultural Holdings Limited announced a share placement agreement to issue up to 91,021,689 new shares at HK$0.29 each, aiming to raise approximately HK$25.9 million net. The funds will be used primarily for loan repayment, development of an agricultural e-commerce platform, and general working capital. This strategic move is expected to enhance the company’s financial stability and support its growth initiatives in the agricultural sector.
More about China Finance Investment Holdings Limited
Congyu Intelligent Agricultural Holdings Limited operates in the agricultural industry, focusing on developing agricultural vertical e-commerce platforms and low-altitude economy solutions.
Average Trading Volume: 3,788,450
Technical Sentiment Signal: Sell
Current Market Cap: HK$154.7M
See more insights into 0875 stock on TipRanks’ Stock Analysis page.