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The latest announcement is out from Guan Chao Holdings Limited ( (HK:1872) ).
Guan Chao Holdings Limited has announced a further extension of the Long Stop Date for the placement of up to 90,195,000 new shares under a general mandate. This extension, agreed upon with the Placing Agent, is necessary to fulfill the conditions precedent in the Placing Agreement, moving the deadline to 11 July 2025. The completion of this placement remains uncertain as it is contingent on meeting these conditions, and stakeholders are advised to exercise caution.
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 is involved in the issuance and placement of new shares under a general mandate, indicating a focus on capital market activities.
Average Trading Volume: 2,258,918
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.54B
Learn more about 1872 stock on TipRanks’ Stock Analysis page.