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Crown International Corporation Limited ( (HK:0727) ) just unveiled an update.
Crown International Corporation Limited, incorporated in Hong Kong, announced a subscription of new shares under a general mandate. The company has entered into agreements to issue 1,059,870,000 new shares at HK$0.088 per share, a premium to recent trading prices. This issuance represents a significant portion of the current share capital and is expected to raise about HK$93 million for expanding its premium white spirit retail network and general working capital. The subscription is conditional upon stock exchange approval, and investors are advised to exercise caution.
More about Crown International Corporation Limited
YTD Price Performance: -24.55%
Average Trading Volume: 5,472,365
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$429.2M
For a thorough assessment of 0727 stock, go to TipRanks’ Stock Analysis page.