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China International Development Corporation Limited ( (HK:0264) ) has provided an announcement.
China International Development Corporation Limited has entered into a Placing Agreement with a Placing Agent to issue up to 15,000,000 new shares at HK$1.75 per share under a general mandate. This move represents approximately 3.36% of the company’s existing issued share capital. The shares are offered at a discount to recent market prices, and the company expects to raise net proceeds of approximately HK$25.55 million, which will be used to enhance its financial position and support future growth. The agreement’s completion is contingent on certain conditions, and stakeholders are advised to exercise caution.
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: 3,974,314
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$929.2M
For detailed information about 0264 stock, go to TipRanks’ Stock Analysis page.