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Asia Resources Holdings Limited ( (HK:0899) ) has provided an update.
Zhong Jia Guo Xin Holdings Company Limited has successfully completed the placement of new shares under a general mandate, resulting in the issuance of 170,100,000 new shares. This placement represents approximately 11.46% of the company’s enlarged share capital. The net proceeds of approximately HK$16.3 million will be primarily used to repay loan financing and cover the company’s Hong Kong office expenses for the next twelve months. This strategic move is expected to strengthen the company’s financial position and operational capabilities.
More about Asia Resources Holdings Limited
Average Trading Volume: 5,199,485
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$98.53M
See more data about 0899 stock on TipRanks’ Stock Analysis page.