tiprankstipranks
Trending News
More News >

Shougang Concord Century Holdings Announces Rights Issue Results

Story Highlights
Shougang Concord Century Holdings Announces Rights Issue Results

Don’t Miss TipRanks’ Half-Year Sale

Shougang Concord Century Holding Ltd. ( (HK:0103) ) just unveiled an update.

Shougang Concord Century Holdings Limited announced the results of its Rights Issue, which became unconditional on June 18, 2025. The Rights Issue was under-subscribed, with 92.22% of the offered shares being accepted, leading to a total of HK$146 million in net proceeds. The company plans to use these funds according to the previously outlined purposes, despite the under-subscription. The board has decided to accept all valid applications for excess shares, ensuring no refunds are necessary.

More about Shougang Concord Century Holding Ltd.

Shougang Concord Century Holdings Limited is a company incorporated in Hong Kong, operating in the manufacturing sector. The company focuses on producing and distributing steel products, with a significant market presence in the steel industry.

Average Trading Volume: 2,057,965

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.18B

For detailed information about 0103 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1