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North Mining Shares Co., Ltd. ( (HK:0433) ) has provided an update.
North Mining Shares Co., Ltd. has entered into agreements to issue 2,490,500,000 new shares to six subscribers, representing approximately 19.91% of its existing issued share capital. The proceeds, estimated at HK$74,700,000 after expenses, will be used to settle bank loans and other borrowings, as well as for general working capital. The issuance is subject to approval from the Stock Exchange, and stakeholders are advised to exercise caution as the completion of these agreements is conditional.
More about North Mining Shares Co., Ltd.
Average Trading Volume: 4,197,728
Technical Sentiment Signal: Sell
Current Market Cap: HK$462.9M
Find detailed analytics on 0433 stock on TipRanks’ Stock Analysis page.