China Shenghai Group Limited (HK:1676) has released an update.
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China Shenghai Group Limited has announced a delay in the dispatch of documents related to their proposed rights issue, which will now be sent on November 25, 2024. This rights issue allows shareholders to purchase one new share for every two existing shares they hold. The company cited the need for additional preparation time, including finalizing financial information, as the reason for the delay.
For further insights into HK:1676 stock, check out TipRanks’ Stock Analysis page.