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An announcement from Asia Resources Holdings Limited ( (HK:0899) ) is now available.
Zhong Jia Guo Xin Holdings Company Limited, incorporated in Bermuda, announced the completion of placing 170,100,000 new shares under a general mandate. This placement, conducted at a price of HK$0.1 per share, represents approximately 11.46% of the company’s enlarged share capital. The announcement also clarified a typographical error in the Chinese version of the previous announcement, with no errors found in the English version. This share placement is expected to impact the company’s capital structure and potentially influence its market positioning.
More about Asia Resources Holdings Limited
Average Trading Volume: 610,486
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$96.45M
For detailed information about 0899 stock, go to TipRanks’ Stock Analysis page.