CROSSTEC Group Holdings Ltd. ( (HK:3893) ) has issued an announcement.
CROSSTEC Group Holdings Limited announced a placing agreement with Zijing Capital Limited to issue up to 31,104,000 new shares at HK$0.20 each, which represents a significant portion of the company’s current issued share capital. The funds raised will mainly be used for subcontracting charges related to its interior solutions projects and for general working capital. The placing price is at a discount compared to recent share prices, potentially impacting investor sentiment. This move is seen as a strategic step to bolster the company’s financial position and enhance its operational capacity, reflecting its commitment to growth and market competitiveness.
More about CROSSTEC Group Holdings Ltd.
CROSSTEC Group Holdings Limited is a company incorporated in the Cayman Islands with limited liability and is listed on the Hong Kong Stock Exchange. The company is involved in interior solutions projects and focuses on subcontracting services within this industry.
YTD Price Performance: -52.29%
Average Trading Volume: 227,637
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$35.61M
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