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Shin Hwa World Limited ( (HK:0582) ) has issued an update.
Shin Hwa World Limited has announced a proposed rights issue to raise approximately HK$182.57 million by issuing up to 1,825,740,693 Rights Shares at a subscription price of HK$0.1 per share. The rights issue, which is underwritten on a best-effort basis, will increase the company’s issued share capital by more than 50% and requires approval from independent shareholders. The move aims to bolster the company’s financial position, though it carries implications for shareholder dilution and requires careful consideration by investors.
More about Shin Hwa World Limited
Shin Hwa World Limited is a company incorporated in the Cayman Islands and continued in Bermuda with limited liability. It is listed on the Stock Exchange of Hong Kong and operates in the financial industry, focusing on securities and investment opportunities.
Average Trading Volume: 482,813
Technical Sentiment Signal: Sell
Current Market Cap: HK$283M
Learn more about 0582 stock on TipRanks’ Stock Analysis page.