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The latest update is out from Qingdao Holdings International Limited ( (HK:0499) ).
Qingdao Holdings International Limited announced an update on the change in the use of proceeds from its rights issue. The company has decided to reallocate the unutilized net proceeds of RMB69.35 million, initially intended for investment opportunities and general working capital, towards technology business and other uses by the end of 2026. This decision comes after the company was unable to find suitable investment opportunities and aims to optimize capital utilization and ensure operational stability.
More about Qingdao Holdings International Limited
Average Trading Volume: 216,896
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$101.9M
See more insights into 0499 stock on TipRanks’ Stock Analysis page.