China State Construction International Holdings ( (HK:3311) ) just unveiled an announcement.
China State Construction International Holdings has entered into a Subscription Agreement to issue 244,600,000 new shares at HK$12.26 per share, raising approximately HK$2,999 million. The proceeds will be used to repay debts, invest in construction technologies, and support general corporate purposes. The Subscription is contingent on approval for listing and dealing in the new shares, and investors are advised to exercise caution as the completion is subject to conditions. This strategic move aims to strengthen the company’s financial position and enhance its market presence.
More about China State Construction International Holdings
China State Construction International Holdings is a company incorporated in the Cayman Islands with limited liability, primarily involved in construction and construction-related businesses. The company focuses on production, research and development, and investments in construction technologies, serving both domestic and international markets.
YTD Price Performance: -1.20%
Average Trading Volume: 4,325
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $7.72B
Learn more about 3311 stock on TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com