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Shun Wo Group Holdings Ltd. ( (HK:1591) ) has shared an update.
Shun Wo Group Holdings Ltd. has announced a proposed rights issue to raise up to approximately HK$18.67 million by issuing 133,333,333 Rights Shares at HK$0.14 each. The proceeds are intended for acquiring plant and machinery and general working capital. The rights issue is non-underwritten and available only to qualifying shareholders, with no minimum subscription level required. The company has ensured compliance with relevant listing rules, indicating no significant dilution effect on its share capital.
More about Shun Wo Group Holdings Ltd.
Shun Wo Group Holdings Ltd. is a company incorporated in the Cayman Islands, primarily involved in the construction industry. It focuses on acquiring plant and machinery to enhance its operational capabilities and supports its general working capital needs.
Average Trading Volume: 861,500
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$58M
Find detailed analytics on 1591 stock on TipRanks’ Stock Analysis page.