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China Supply Chain Holdings Limited ( (HK:3708) ) has provided an update.
China Supply Chain Holdings Limited has successfully completed the subscription of 1,118,800,000 new shares, which represents approximately 16.67% of the company’s enlarged issued share capital. The completion of this subscription generated net proceeds of approximately HK$13,530,000, which the company plans to use for general working capital and potential new projects or business opportunities. This strategic move alters the shareholding structure significantly, with Smart Paradise International Limited’s stake decreasing from 58.43% to 48.69%, and introduces new public shareholders, diversifying the ownership base.
More about China Supply Chain Holdings Limited
China Supply Chain Holdings Limited is a company incorporated in the Cayman Islands, operating within the supply chain industry. The company focuses on providing services related to supply chain management and logistics.
YTD Price Performance: -20.0%
Average Trading Volume: 12,380,423
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$89.5M
For an in-depth examination of 3708 stock, go to TipRanks’ Stock Analysis page.
