Shougang Concord Century Holding Ltd. (HK:0103) has released an update.
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Shougang Century Holdings Limited has announced a conditional plan for a possible rights issue at a premium to bolster capital resources, enhance its capital structure, and support business development. If the rights issue proceeds, shareholders will have the opportunity to maintain their proportional ownership and contribute to the company’s growth. The terms, including the rights share to existing share ratio and the subscription price at a premium, are being finalized with professional advisers, with the issuance increasing total shares by no more than 50%.
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