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The latest announcement is out from DTXS Silk Road Investment Holdings Company Limited ( (HK:0620) ).
DTXS Silk Road Investment Holdings Company Limited has announced a placement of 66,752,523 new shares under a general mandate, priced at HK$0.5 per share. This move represents approximately 10% of the company’s existing issued share capital and is expected to slightly dilute the current shareholding. The placement is being managed by Cheong Lee Securities Limited, which will charge a commission of 3.5% on the total placement amount. The shares will be offered to at least six independent third-party investors, ensuring no single investor becomes a substantial shareholder. The completion of this placement is contingent upon certain conditions being met, and the company has applied for the listing of these new shares on the Hong Kong Stock Exchange.
More about DTXS Silk Road Investment Holdings Company Limited
DTXS Silk Road Investment Holdings Company Limited is a company incorporated in Bermuda, operating with limited liability. It is listed on the Hong Kong Stock Exchange under the stock code 620. The company is involved in investment activities, focusing on opportunities that align with the Silk Road economic initiative.
Average Trading Volume: 50,184
Technical Sentiment Signal: Sell
Current Market Cap: HK$166.9M
Find detailed analytics on 0620 stock on TipRanks’ Stock Analysis page.