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The latest announcement is out from Crown International Corporation Limited ( (HK:0727) ).
Crown International Corporation Limited has announced a proposed rights issue to raise approximately HK$620 million by offering three rights shares for every existing share at HK$0.65 per share. The rights issue is aimed at qualifying shareholders and will proceed on a non-underwritten basis, with the potential to significantly increase the company’s share capital. The initiative requires approval from independent shareholders and is supported by an independent board committee and financial adviser to ensure the terms are fair and reasonable.
The most recent analyst rating on (HK:0727) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Crown International Corporation Limited stock, see the HK:0727 Stock Forecast page.
More about Crown International Corporation Limited
Crown International Corporation Limited is a Hong Kong-based company engaged in financial activities, with its primary focus on raising capital through securities offerings.
Average Trading Volume: 158,951
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$289.3M
For detailed information about 0727 stock, go to TipRanks’ Stock Analysis page.