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Huazhang Technology Holding Ltd. ( (HK:1673) ) just unveiled an announcement.
Huazhang Technology Holding Limited has announced additional information regarding the use of unutilized net proceeds from their 2021 Subscription and 2024 Open Offer. As of June 30, 2024, approximately HK$96.2 million from the Subscription is expected to be used as working capital for waste material processing by the end of 2026, while HK$31.4 million from the Open Offer will go towards expanding industrial automation services. These updates do not alter any other information in the 2024 Annual Report.
More about Huazhang Technology Holding Ltd.
Huazhang Technology Holding Limited is a company incorporated in the Cayman Islands, engaged in the industrial automation sector. Their primary products and services include the processing and re-sale of waste materials and expanding industrial automation and supporting services.
YTD Price Performance: -7.41%
Average Trading Volume: 469,111
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$399M
Learn more about 1673 stock on TipRanks’ Stock Analysis page.