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Contel Technology Company Limited ( (HK:1912) ) just unveiled an announcement.
Contel Technology Company Limited has successfully completed the placement of 219,620,000 new shares under a general mandate, raising approximately HK$12.83 million. The proceeds will primarily be used to repay the company’s indebtedness and for general working capital, affecting the company’s shareholding structure by increasing the public shareholding percentage.
More about Contel Technology Company Limited
Contel Technology Company Limited is a company incorporated in the Cayman Islands, operating within the technology sector. The company focuses on providing innovative technology solutions and services, with a market presence indicated by its listing on the Hong Kong Stock Exchange.
Average Trading Volume: 2,136,081
Technical Sentiment Signal: Buy
Current Market Cap: HK$91.14M
Learn more about 1912 stock on TipRanks’ Stock Analysis page.