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Guan Chao Holdings Limited ( (HK:1872) ) has issued an update.
Guan Chao Holdings Limited has announced a further extension of the Long Stop Date for the placing of up to 90,195,000 new shares under a general mandate. This extension, agreed upon with Fortune (HK) Securities Limited, moves the deadline to July 4, 2025, due to additional time needed to fulfill conditions precedent in the Placing Agreement. The completion of this placing is contingent upon these conditions being met, and there is no guarantee that the placing will proceed, urging shareholders and potential investors to exercise caution.
More about Guan Chao Holdings Limited
Guan Chao Holdings Limited is a company incorporated in the Cayman Islands, operating with limited liability. It is listed on the Stock Exchange of Hong Kong Limited under the stock code 1872.
Average Trading Volume: 2,414,365
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.86B
For detailed information about 1872 stock, go to TipRanks’ Stock Analysis page.