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Zhongzheng International Company Limited ( (HK:0943) ) has issued an update.
Zhongzheng International Company Limited announced the results of its Rights Issue, where 82.7% of the offered Rights Shares were accepted, leaving 17.3% unsubscribed. The company has arranged to place these unsubscribed shares through a Placing Agent, with any net gain from the sale to be distributed to the non-participating shareholders. This strategic move is aimed at optimizing shareholder value and ensuring the company’s financial stability.
More about Zhongzheng International Company Limited
Zhongzheng International Company Limited is a company incorporated in Bermuda with limited liability and is listed on the Hong Kong Stock Exchange. The company is involved in issuing securities and managing rights issues, focusing on financial arrangements and shareholder engagements.
Average Trading Volume: 1,021,697
Technical Sentiment Signal: Buy
Current Market Cap: HK$422.8M
Learn more about 0943 stock on TipRanks’ Stock Analysis page.