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Zhong An Group Completes Share Disposal to Bolster Core Business

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Zhong An Group Completes Share Disposal to Bolster Core Business

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The latest update is out from Zhong An Group Limited ( (HK:0672) ).

Zhong An Group Limited has successfully completed the disposal of shares in a subsidiary, placing 11,204,000 shares at HK$3.53 each, raising approximately HK$38,928,000 in net proceeds. These funds are intended to support the company’s core business development, including research and development projects, market expansion, and exploring new growth avenues, thereby potentially enhancing its market position and operational capabilities.

More about Zhong An Group Limited

Zhong An Group Limited is a company incorporated in the Cayman Islands, primarily engaged in property development and related businesses. The company focuses on strengthening its core operations and exploring new growth opportunities within its industry.

YTD Price Performance: 27.27%

Average Trading Volume: 7,223,466

Technical Sentiment Signal: Buy

Current Market Cap: HK$789M

For detailed information about 0672 stock, go to TipRanks’ Stock Analysis page.

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