tiprankstipranks
Guan Chao Holdings Plans Rights Issue EGM
Company Announcements

Guan Chao Holdings Plans Rights Issue EGM

Guan Chao Holdings Limited (HK:1872) has released an update.

Don't Miss our Black Friday Offers:

Guan Chao Holdings Limited has announced an extraordinary general meeting (EGM) scheduled for October 17, 2024, to discuss and possibly approve a rights issue of up to 432 million ordinary shares at HK$0.40 each. The rights issue will allow current shareholders to purchase additional shares in a specific ratio, excluding non-qualifying shareholders based on legal or regulatory reasons. The company has also confirmed a Placing Agreement related to the rights issue, subject to certain conditions including approval from The Stock Exchange of Hong Kong Limited.

For further insights into HK:1872 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App