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Modern Chinese Medicine Group Co. Ltd. ( (HK:1643) ) has provided an update.
Modern Chinese Medicine Group Co., Ltd. has entered into a Subscription Agreement to issue 120,000,000 new shares at HK$0.27 per share, raising HK$32,400,000 for future investments and business development. This strategic move represents 20% of the company’s existing share capital and aims to strengthen its market position, although the completion of the subscription is contingent upon certain conditions being met.
More about Modern Chinese Medicine Group Co. Ltd.
Modern Chinese Medicine Group Co., Ltd. is a company incorporated in the Cayman Islands, operating in the pharmaceutical industry with a focus on traditional Chinese medicine products and related services.
YTD Price Performance: -35.53%
Average Trading Volume: 2,513,949
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$183M
See more insights into 1643 stock on TipRanks’ Stock Analysis page.