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An announcement from DTXS Silk Road Investment Holdings Company Limited ( (HK:0620) ) is now available.
DTXS Silk Road Investment Holdings Company Limited has successfully completed the placement of 66,800,000 new shares under its General Mandate, with the shares being placed to independent third parties at a price of HK$0.60 per share. The company has raised approximately HK$38.4 million in net proceeds, which will be used primarily for the promotion, development, and sales of its property development projects in the PRC, as well as for general working capital. This strategic move is expected to enhance the company’s financial position and support its growth initiatives in the property sector.
More about DTXS Silk Road Investment Holdings Company Limited
Average Trading Volume: 3,023,548
Technical Sentiment Signal: Buy
Current Market Cap: HK$739.1M
Learn more about 0620 stock on TipRanks’ Stock Analysis page.