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China Automotive Interior Decoration Holdings Limited ( (HK:0048) ) has shared an update.
China Automotive Interior Decoration Holdings Limited has announced a proposed rights issue to raise approximately HK$34.1 million by issuing 262,672,656 Rights Shares at HK$0.13 per share. The move aims to increase the company’s capital and involves a compensatory arrangement for unsubscribed shares, with an underwriting agreement in place to ensure full subscription. This rights issue is significant as it will increase the company’s issued shares by more than 50%, requiring independent shareholder approval.
More about China Automotive Interior Decoration Holdings Limited
China Automotive Interior Decoration Holdings Limited is a company incorporated in the Cayman Islands, focusing on the automotive industry. It specializes in the production and distribution of automotive interior decoration products.
Average Trading Volume: 535,169
Technical Sentiment Signal: Sell
Current Market Cap: HK$31.87M
Learn more about 0048 stock on TipRanks’ Stock Analysis page.