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CM Energy Tech Announces Despatch of Circular for Share Subscription and Whitewash Waiver

Story Highlights
  • CM Energy Tech has issued a circular detailing a share subscription and whitewash waiver.
  • An EGM is scheduled for 28 February 2025, and shareholders are advised to exercise caution.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

CMIC Ocean En-Tech Holding Co ( (HK:0206) ) just unveiled an update.

CM Energy Tech Co., Ltd., incorporated in the Cayman Islands, has announced the despatch of a circular to its shareholders, which includes details on a connected transaction related to a share subscription under a specific mandate and an application for a whitewash waiver. The circular includes advice from financial and independent board committees regarding the share subscription and whitewash waiver, and announces an extraordinary general meeting (EGM) scheduled for 28 February 2025. The completion of the share subscription is contingent upon fulfilling specific conditions, and shareholders are advised to exercise caution.

More about CMIC Ocean En-Tech Holding Co

YTD Price Performance: 0.48%

Average Trading Volume: 725,272

Technical Sentiment Consensus Rating: Hold

Current Market Cap: HK$667M

For an in-depth examination of 0206 stock, go to TipRanks’ Stock Analysis page.

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