China International Development Corporation Limited (HK:0264) has released an update.
China International Development Corporation Limited has announced an extension of the share placement period under the general mandate until July 15, 2024, with the intention to raise approximately HK$34.77 million in net proceeds. These funds are designated for enhancing the company’s manufacturing plant, general working capital, and settling outstanding payables. While the placement is still subject to conditions, investors are advised to exercise caution when dealing in the company’s shares.
For further insights into HK:0264 stock, check out TipRanks’ Stock Analysis page.