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China International Development Corporation Limited ( (HK:0264) ) just unveiled an announcement.
China International Development Corporation Limited has successfully completed the placing of 15,000,000 new shares under a General Mandate, increasing its issued share capital by approximately 3.36%. The placing was executed at a price of HK$1.42 per share, generating net proceeds of approximately HK$20.8 million. The shares were distributed to at least six independent third-party placees, none of whom became substantial shareholders. This strategic move aims to strengthen the company’s financial position and potentially enhance its market presence.
The most recent analyst rating on (HK:0264) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on China International Development Corporation Limited stock, see the HK:0264 Stock Forecast page.
More about China International Development Corporation Limited
Average Trading Volume: 4,314,376
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$1.08B
Find detailed analytics on 0264 stock on TipRanks’ Stock Analysis page.