Asia Resources Holdings Limited (HK:0899) has released an update.
Zhong Jia Guo Xin Holdings Company Limited announced the issuance of 187,680,560 new ordinary shares, a 20% increase from their previous share count, at a price of HKD 0.105 per share, which is a marginal 1.87% discount to the previous day’s closing market price. This strategic move, fully backed by the company’s board of directors, aims to strengthen the company’s capital base and has been conducted in compliance with the Hong Kong Stock Exchange regulations and legal requirements.
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