An announcement from CMON Limited ( (HK:1792) ) is now available.
CMON Limited, a company incorporated in the Cayman Islands, announced an update regarding the subscription of new shares under a general mandate. The company has not received the expected HK$10.4 million proceeds from the subscribers, leading to the shares being held in custody and not transferred. CMON Limited is considering legal actions to enforce the agreements or cancel the shares, with verbal confirmation from subscribers to cooperate in cancellation. The company is exploring alternative fundraising methods to maintain its working capital, ensuring no adverse impact on its financial position and operations.
More about CMON Limited
YTD Price Performance: 25.00%
Average Trading Volume: 1,219,032
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$54.18M
See more data about 1792 stock on TipRanks’ Stock Analysis page.