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Shanghai XNG Holdings Limited ( (HK:3666) ) has shared an update.
Shanghai XNG Holdings Limited has announced a placing agreement to issue up to 442,606,200 new shares at a price of HK$0.020 per share, representing a 16.7% discount to the recent trading prices. The proceeds, estimated at HK$8.7 million net, will be used for general working capital, potentially impacting the company’s liquidity and market positioning.
More about Shanghai XNG Holdings Limited
Shanghai XNG Holdings Limited is a company incorporated in the Cayman Islands, operating with limited liability. It is listed on the Hong Kong Stock Exchange under the stock code 3666.
Average Trading Volume: 1,453,190
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$53.11M
Find detailed analytics on 3666 stock on TipRanks’ Stock Analysis page.