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An announcement from Zhongshen Jianye Holding Limited ( (HK:2503) ) is now available.
Zhongshen Jianye Holding Limited announced a change in the subscription price for new shares under a general mandate, increasing it from HK$0.60 to HK$0.61. This new price represents a discount compared to recent market prices. The company plans to use the increased net proceeds of approximately HK$75.1 million for capital needs, cash flow for projects, and general working capital, including construction costs, staff expenses, and office maintenance. Trading of shares was temporarily halted but has resumed following this announcement.
More about Zhongshen Jianye Holding Limited
Zhongshen Jianye Holding Limited is a company incorporated in the Cayman Islands with limited liability, primarily involved in the construction industry. The company focuses on construction projects, including procurement of construction materials and subcontracting services.
Average Trading Volume: 552,654
Technical Sentiment Signal: Strong Sell
See more data about 2503 stock on TipRanks’ Stock Analysis page.