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The latest announcement is out from Crown International Corporation Limited ( (HK:0727) ).
Crown International Corporation Limited has received shareholder approval to proceed with a sizeable rights issue, offering up to 953,883,000 new shares at HK$0.65 each on the basis of three rights shares for every one existing share held by qualifying shareholders. The resolution passed with 58.01% of votes in favour and 41.99% against, authorising the board to allot and issue the rights shares and to make necessary arrangements for non-qualifying shareholders, marking a significant capital-raising move that may strengthen the company’s balance sheet and alter its ownership structure once the shares begin trading on an ex-rights basis.
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
Average Trading Volume: 165,886
Technical Sentiment Signal: Sell
Current Market Cap: HK$238.5M
See more insights into 0727 stock on TipRanks’ Stock Analysis page.