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Shougang Concord Century Holding Ltd. ( (HK:0103) ) has provided an announcement.
Shougang Concord Century Holdings Ltd. has announced a proposed rights issue to raise approximately HK$160 million. This initiative aims to upgrade technology and optimize production processes, with funds allocated towards technology improvements and debt repayment. Jingxi Holdings and Mr. Zhao Yue have provided irrevocable undertakings to subscribe to their respective rights shares, ensuring substantial shareholder support for the initiative.
More about Shougang Concord Century Holding Ltd.
Shougang Concord Century Holdings Ltd. is a company incorporated in Hong Kong, operating with limited liability. It is involved in the manufacturing industry, focusing on technology upgrades, manufacturing processes, and production capacity optimization.
Average Trading Volume: 1,847,857
Technical Sentiment Signal: Buy
Current Market Cap: HK$916.5M
See more insights into 0103 stock on TipRanks’ Stock Analysis page.