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Crocodile Garments Limited ( (HK:0122) ) just unveiled an update.
Crocodile Garments Limited announced the results of its rights issue, which offered one rights share for every two existing shares on a non-underwritten basis. The rights issue was under-subscribed, with approximately 91.33% of the total rights shares subscribed, resulting in a shortfall of 3,081,152 shares. The company raised approximately HK$46.98 million in net proceeds, which will be used as outlined in their prospectus.
More about Crocodile Garments Limited
Crocodile Garments Limited is a company incorporated in Hong Kong with limited liability, operating in the garment industry. The company is listed on the Hong Kong Stock Exchange under the stock code 122.
Average Trading Volume: 41,639
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$159.9M
For a thorough assessment of 0122 stock, go to TipRanks’ Stock Analysis page.