Crown International Corporation Limited (HK:0727) has released an update.
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Crown International Corporation Limited has corrected the subscription price for its proposed non-underwritten one-for-two rights issue from HK$0.090 to HK$0.088, matching the last closing stock price. The adjustment sets the maximum net proceeds at approximately HK$150.8 million, which the company plans to invest in property development projects. This rights issue offers shareholders the chance to maintain their proportional ownership and capitalize on what the company sees as favorable market conditions.
For further insights into HK:0727 stock, check out TipRanks’ Stock Analysis page.