Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Xinming China Holdings Limited ( (HK:2699) ) has shared an update.
Xinming China Holdings Limited has announced a revised timetable for its proposed rights issue, which offers four rights shares for every one adjusted share held. This rights issue is non-underwritten and aims to provide existing shareholders with an opportunity to increase their holdings. The new schedule outlines key dates for the rights issue process, including the dispatch of prospectus documents, trading periods for nil-paid rights shares, and deadlines for acceptance and payment. The announcement reflects the company’s strategic move to strengthen its capital base, potentially impacting its market position and shareholder value.
More about Xinming China Holdings Limited
Xinming China Holdings Limited is a company incorporated in the Cayman Islands, operating within the financial sector. It is listed on the Stock Exchange of Hong Kong and is involved in capital reorganization and rights issues.
Average Trading Volume: 191,838
Technical Sentiment Signal: Hold
Current Market Cap: HK$131.5M
See more insights into 2699 stock on TipRanks’ Stock Analysis page.