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Xinming China Holdings Announces Delay in Rights Issue Documentation

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Xinming China Holdings Announces Delay in Rights Issue Documentation

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Xinming China Holdings Limited ( (HK:2699) ) just unveiled an announcement.

Xinming China Holdings Limited has announced an update regarding its capital reorganization and a delay in the dispatch of prospectus documents related to a proposed rights issue. The company is awaiting court directions for the confirmation of a capital reduction, which is a prerequisite for the rights issue. Consequently, the dispatch of prospectus documents and the timetable for the rights issue will be postponed, with a revised schedule to be issued soon.

More about Xinming China Holdings Limited

YTD Price Performance: 30.0%

Average Trading Volume: 21,818,908

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$24.42M

See more data about 2699 stock on TipRanks’ Stock Analysis page.

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