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New Concepts Holdings Ltd ( (HK:2221) ) has provided an announcement.
New Concepts Holdings Limited, a company incorporated in the Cayman Islands, has completed the subscription of new shares under a general mandate. The company has issued 221,500,000 new shares, representing approximately 12.12% of the enlarged share capital, at a subscription price of HK$0.10 per share. The net proceeds of approximately HK$22,020,000 will be used to repay overdue lease and bond payables and for general working capital. This move alters the company’s shareholding structure, increasing the public shareholders’ stake significantly.
More about New Concepts Holdings Ltd
Average Trading Volume: 9,809,187
Technical Sentiment Signal: Sell
Current Market Cap: HK$139.7M
Learn more about 2221 stock on TipRanks’ Stock Analysis page.