Guan Chao Holdings Limited (HK:1872) has released an update.
Guan Chao Holdings Limited aims to raise approximately HK$172.8 million through a Rights Issue, offering four new shares for every one held at HK$0.40 each, subject to shareholder approval. The additional shares will be treated equally with existing shares, including dividend entitlements, and the offer is exclusive to qualifying shareholders. The company emphasizes that the Rights Issue will proceed regardless of acceptance levels, without underwriting.
For further insights into HK:1872 stock, check out TipRanks’ Stock Analysis page.
