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China Shenghai Group Limited ( (HK:1676) ) just unveiled an update.
China Shenghai Group Limited has entered into a Placing Agreement with KGI Asia Limited to issue up to 30,802,000 new shares at HK$0.43 each, representing a discount to recent trading prices. The proceeds, estimated at HK$12.94 million, will be allocated to the company’s existing food and beverage business and general working capital. The Placing is subject to certain conditions and may not proceed, urging shareholders and investors to exercise caution.
More about China Shenghai Group Limited
Average Trading Volume: 3,433,126
Technical Sentiment Signal: Hold
Current Market Cap: HK$94.22M
See more insights into 1676 stock on TipRanks’ Stock Analysis page.