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Zhejiang Shibao Co. Ltd. Class H ( (HK:1057) ) just unveiled an announcement.
Zhejiang Shibao Co. Ltd. has announced a proposed adjustment and extension of certain fund-raising investment projects, subject to shareholder approval. The company has issued 32,987,747 RMB-denominated ordinary shares, raising net proceeds of RMB344,087,745.02, which is lower than initially intended. As a result, the company has revised the allocation of proceeds across its investment projects, including the development of automotive intelligent steering systems and related technologies.
More about Zhejiang Shibao Co. Ltd. Class H
Zhejiang Shibao Co. Ltd. is a joint stock company incorporated in the People’s Republic of China, primarily operating in the automotive industry. The company focuses on the development and production of automotive intelligent steering systems and related key components.
Average Trading Volume: 10,399,202
Technical Sentiment Signal: Buy
Current Market Cap: HK$8.96B
For detailed information about 1057 stock, go to TipRanks’ Stock Analysis page.