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CStone Pharmaceuticals ( (HK:2616) ) has issued an update.
CStone Pharmaceuticals has successfully completed the placing of 80 million new shares under a general mandate, raising approximately HK$232.29 million. This strategic move, which involved placing shares to professional and institutional investors, represents about 5.86% of the company’s enlarged share capital and is intended to support the company’s operational and strategic initiatives.
More about CStone Pharmaceuticals
CStone Pharmaceuticals is a biopharmaceutical company incorporated in the Cayman Islands, focusing on the development and commercialization of innovative immuno-oncology and precision medicine therapies. The company is listed on the Hong Kong Stock Exchange.
YTD Price Performance: -3.48%
Average Trading Volume: 5,874,585
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.8B
Learn more about 2616 stock on TipRanks’ Stock Analysis page.