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Greenheart Group ( (HK:0094) ) has provided an update.
Greenheart Group Limited announced the results of its Rights Issue, revealing that approximately 77.9% of the offered Rights Shares were subscribed, leaving 22.1% unsubscribed. To address the shortfall, the company has arranged for the placement of the unsubscribed shares to independent placees, with any net gain from this placement to be distributed to certain shareholders on a pro-rata basis.
More about Greenheart Group
Greenheart Group Limited is a company incorporated in Bermuda, operating in the forestry and timber industry. The company focuses on the production and sale of timber products, with its market primarily centered in Hong Kong and other regions.
Average Trading Volume: 2,141,383
Technical Sentiment Signal: Buy
Current Market Cap: HK$139.1M
For a thorough assessment of 0094 stock, go to TipRanks’ Stock Analysis page.