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Xinming China Holdings Limited ( (HK:2699) ) has issued an announcement.
Xinming China Holdings Limited announced the results of its Rights Issue, which was significantly undersubscribed with only 17.15% of the offered shares accepted. To address the shortfall, the company has arranged to place the unsubscribed shares with independent placees through compensatory arrangements. The outcome of this placement will impact the company’s capital structure and potentially affect shareholder value, as any net gain from the placement will be distributed to certain shareholders.
More about Xinming China Holdings Limited
Xinming China Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the real estate industry. The company is listed on the Hong Kong Stock Exchange and focuses on property development and related services.
Average Trading Volume: 280,708
Technical Sentiment Signal: Hold
Current Market Cap: HK$150.3M
Find detailed analytics on 2699 stock on TipRanks’ Stock Analysis page.