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Asia Resources Holdings Limited ( (HK:0899) ) just unveiled an announcement.
Zhong Jia Guo Xin Holdings Company Limited, listed on the Stock Exchange of Hong Kong, announced a placement of new shares under a general mandate. The company has agreed to place up to 262,752,672 shares at a price of HK$0.1 per share, representing a 20% increase in its existing issued share capital. The placement aims to raise approximately HK$25.49 million in net proceeds, which will be used as general working capital. The placement is not subject to shareholder approval and is contingent on certain conditions being met.
More about Asia Resources Holdings Limited
Average Trading Volume: 4,141,396
Technical Sentiment Signal: Sell
Current Market Cap: HK$174.7M
See more data about 0899 stock on TipRanks’ Stock Analysis page.