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Xinming China Holdings Limited ( (HK:2699) ) has provided an announcement.
Xinming China Holdings Limited has announced the appointment of Asia Pacific Securities Limited as an additional placing agent to manage the subscription of unsubscribed and unsold rights shares. This move is part of a supplemental placing agreement related to the company’s rights issue, which offers four rights shares for every one adjusted share held. The agreement aims to ensure the successful placement of shares on a best-effort basis, potentially impacting the company’s capital structure and market positioning positively by attracting independent third-party investors.
More about Xinming China Holdings Limited
Xinming China Holdings Limited is a company incorporated in the Cayman Islands, primarily involved in capital reorganization and rights issues within the financial sector. The company focuses on providing securities and financial services, with a market focus on capital restructuring and shareholder arrangements.
Average Trading Volume: 218,415
Technical Sentiment Signal: Hold
Current Market Cap: HK$140.9M
For an in-depth examination of 2699 stock, go to TipRanks’ Overview page.