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An announcement from Guan Chao Holdings Limited ( (HK:1872) ) is now available.
Guan Chao Holdings Limited announced a placement of up to 21,600,000 new shares at HK$0.73 per share, representing approximately 4.00% of the company’s current issued share capital. The placement aims to raise an estimated net proceeds of HK$15.6 million, intended for general working capital purposes. The completion of the placement is conditional upon certain conditions being met, and the company has applied for listing and permission to deal in the new shares on the Stock Exchange.
More about Guan Chao Holdings Limited
YTD Price Performance: -20.72%
Average Trading Volume: 2,109,250
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$475.1M
See more insights into 1872 stock on TipRanks’ Stock Analysis page.