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An update from Zhongshen Jianye Holding Limited ( (HK:2503) ) is now available.
Zhongshen Jianye Holding Limited has successfully completed the subscription of new shares under a general mandate, issuing 102,960,000 new shares which represent approximately 16.67% of the company’s enlarged share capital. The net proceeds from the subscription, amounting to approximately HK$51.3 million, will be allocated for potential acquisitions and general working capital, indicating the company’s strategic focus on expansion and operational stability. This move, which alters the company’s shareholding structure, could enhance its market positioning and provide financial flexibility.
More about Zhongshen Jianye Holding Limited
YTD Price Performance: 37.50%
Average Trading Volume: 1,027,728
Technical Sentiment Consensus Rating: Strong Sell
For an in-depth examination of 2503 stock, go to TipRanks’ Stock Analysis page.