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The latest update is out from Asia Resources Holdings Limited ( (HK:0899) ).
Zhong Jia Guo Xin Holdings Company Limited has announced a special general meeting to discuss and approve a Rights Issue and a Placing Agreement. The Rights Issue involves the allotment of 296,772,672 Rights Shares at a subscription price of HK$0.146 per share, with specific provisions for non-qualifying shareholders. This move is aimed at raising capital and potentially strengthening the company’s financial position.
The most recent analyst rating on (HK:0899) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Asia Resources Holdings Limited stock, see the HK:0899 Stock Forecast page.
More about Asia Resources Holdings Limited
Average Trading Volume: 507,050
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$35.17M
For detailed information about 0899 stock, go to TipRanks’ Stock Analysis page.