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The latest update is out from Renaissance Asia Silk Road Group Limited ( (HK:0274) ).
Renaissance Asia Silk Road Group Limited has successfully completed a loan capitalization by issuing 89,118,654 new shares under a general mandate. This issuance represents approximately 13.27% of the company’s enlarged share capital, with shares priced at HK$0.05 each. This strategic move is expected to impact the company’s shareholding structure significantly, with public shareholders’ stake decreasing and a new substantial shareholder emerging as a result of this completion.
More about Renaissance Asia Silk Road Group Limited
YTD Price Performance: -70.0%
Average Trading Volume: 5,400,596
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$17.48M
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