China Kangda Food Co (SG:P74) has released an update.
China Kangda Food Co. has announced a supplemental update to its previous release regarding the placement of new shares under its General Mandate. The company anticipates gross proceeds of approximately HK$21.6 million from the fully placed shares, primarily to fund business projects and strengthen its financial position. Additionally, China Kangda has amended the completion deadline for the placement agreement to a new date following negotiations with the placing agent, Wanhai Securities (HK) Limited.
For further insights into SG:P74 stock, check out TipRanks’ Stock Analysis page.
