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Rongzun International Completes Major Private Share Placement

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Rongzun International Completes Major Private Share Placement

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B & D Strategic Holdings Limited ( (HK:1780) ) just unveiled an update.

Rongzun International Holdings Group Limited has completed a private placement of existing shares, with 372,000,000 shares successfully placed to 12 independent placees at HK$0.446 per share. This transaction, representing 60% of the company’s issued share capital, does not affect the company’s operations, and no single placee holds 30% or more of the total issued share capital, ensuring no mandatory general offer is triggered.

More about B & D Strategic Holdings Limited

Average Trading Volume: 302,368

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.1B

See more data about 1780 stock on TipRanks’ Stock Analysis page.

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