Crown International to Issue New Shares for Expansion

Crown International Corporation Limited ( (HK:0727) ) has shared an announcement.

Crown International Corporation Limited has announced its plan to issue 1,059,870,000 new shares under a general mandate, priced at HK$0.088 per share, representing a premium over recent trading prices. This share issuance, which constitutes approximately 20% of the company’s current share capital, is expected to raise gross proceeds of around HK$93.27 million. The funds will be primarily used for expanding the company’s premium white spirit retail network and general working capital. However, the completion of this share subscription is contingent upon certain conditions, including obtaining listing and trading permissions from the stock exchange.

More about Crown International Corporation Limited

YTD Price Performance: -28.70%

Average Trading Volume: 6,949,026

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$408M

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