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An announcement from China Shenghai Group Limited ( (HK:1676) ) is now available.
Gaodi Holdings Limited has successfully completed the placing of new shares under a general mandate, resulting in the issuance of 30,802,000 new shares, which constitute approximately 14.05% of the company’s enlarged share capital. The placing raised gross proceeds of approximately HK$13.24 million, with net proceeds of HK$12.94 million intended for use in the company’s existing food and beverage business and general working capital. This strategic move is expected to bolster Gaodi Holdings’ financial position and support its operational activities, enhancing its market presence in the food and beverage industry.
More about China Shenghai Group Limited
Average Trading Volume: 3,601,487
Technical Sentiment Signal: Hold
Current Market Cap: HK$105.5M
Learn more about 1676 stock on TipRanks’ Stock Analysis page.