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Cosmopolitan International Holdings Limited ( (HK:0120) ) has provided an announcement.
Cosmopolitan International Holdings Limited has successfully completed the placing of 100,000,000 new shares under a general mandate, representing approximately 7.46% of the enlarged share capital. The placing, which raised net proceeds of approximately HK$10.3 million, will be used to reduce the company’s indebtedness. The shares were placed to independent third parties, and none of the placees became substantial shareholders. This transaction also resulted in a change in the shareholding structure, with Century City’s indirect holding in Cosmopolitan decreasing from 70.30% to 65.06%.
More about Cosmopolitan International Holdings Limited
Average Trading Volume: 1,097,598
Technical Sentiment Signal: Sell
Current Market Cap: HK$193.9M
For an in-depth examination of 0120 stock, go to TipRanks’ Overview page.