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The latest announcement is out from Zhongshen Jianye Holding Limited ( (HK:2503) ).
Zhongshen Jianye Holding Limited has announced the subscription of 123,552,000 new shares under a general mandate. The shares, priced at HK$0.60 each, represent 20% of the company’s issued share capital and are being offered at a discount to recent market prices. This move is part of the company’s strategy to raise capital, with the shares being subscribed by six independent private investors. The completion of the subscription is contingent upon certain conditions being met, and stakeholders are advised to exercise caution.
More about Zhongshen Jianye Holding Limited
Average Trading Volume: 552,654
Technical Sentiment Signal: Strong Sell
For a thorough assessment of 2503 stock, go to TipRanks’ Stock Analysis page.