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The latest announcement is out from Guan Chao Holdings Limited ( (HK:1872) ).
Guan Chao Holdings Limited has announced an 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, allows more time to fulfill the conditions precedent in the Placing Agreement, moving the deadline to 27 June 2025. The completion of this share placement is contingent on meeting these conditions, and the company advises shareholders and potential investors to exercise caution as the placement may or may not proceed.
More about Guan Chao Holdings Limited
Guan Chao Holdings Limited is a company incorporated in the Cayman Islands, operating in the financial sector. It is involved in the issuance and placing of shares, with a focus on expanding its market presence through strategic share placements.
Average Trading Volume: 2,554,619
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.43B
For a thorough assessment of 1872 stock, go to TipRanks’ Stock Analysis page.