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Guan Chao Holdings Limited ( (HK:1872) ) just unveiled an announcement.
Guan Chao Holdings Limited has successfully completed the placing of 21,600,000 new shares at a price of HK$0.73 per share, raising approximately HK$15.6 million in net proceeds. These funds are intended to bolster the company’s working capital reserves, with the share placement not resulting in any new substantial shareholders, thus maintaining the existing shareholding structure.
More about Guan Chao Holdings Limited
Guan Chao Holdings Limited is a company incorporated in the Cayman Islands, operating within the financial sector. The company focuses on issuing shares and managing capital to enhance its working capital reserves.
YTD Price Performance: 40.54%
Average Trading Volume: 3,254,781
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$890.8M
See more data about 1872 stock on TipRanks’ Stock Analysis page.