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Shougang Concord Century Holding Ltd. ( (HK:0103) ) has provided an announcement.
Shougang Century Holdings Limited has announced a potential rights issue aimed at strengthening its capital resources, enhancing its capital structure, and supporting business development. The rights issue, if pursued, would allow shareholders to maintain their pro-rata shareholding interests and participate in the company’s potential growth. The company estimates that the funds raised will not exceed HK$160 million, with the total number of issued shares and market capitalization expected to increase by no more than 50%. The subscription price will be set with reference to market prices and financial performance. The rights issue is tentative and subject to finalization and fulfillment of certain conditions.
More about Shougang Concord Century Holding Ltd.
YTD Price Performance: -12.00%
Average Trading Volume: 20,000
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €124.6M
See more insights into 0103 stock on TipRanks’ Stock Analysis page.
