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Global Sweeteners Holdings Limited ( (HK:3889) ) just unveiled an update.
Global Sweeteners Holdings Limited has completed the subscription of new shares under a general mandate, resulting in the issuance of 41,000,000 new shares. This issuance represents a slight change in the company’s shareholding structure and brings in approximately HK$4,000,000 in net proceeds. The company plans to use half of these proceeds to repay payables at its Jinzhou production site and the other half for general administrative expenses.
More about Global Sweeteners Holdings Limited
Global Sweeteners Holdings Limited operates in the sweetener industry and is incorporated in the Cayman Islands. The company focuses on producing and supplying sweeteners, with a particular market focus on Asian markets.
YTD Price Performance: 0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €25.68M
For detailed information about 3889 stock, go to TipRanks’ Stock Analysis page.