The latest update is out from Jiangxi Rimag Group Co., Ltd. Class H ( (HK:2522) ).
Jiangxi Rimag Group Co., Ltd. announced a placement of 9,750,000 new H shares under a general mandate, with the Placing Agents agreeing to procure at least six independent third-party investors. The shares are priced at HK$20.00 each, representing a discount to recent trading prices, and the placement could raise approximately HK$182.29 million in net proceeds. The funds are intended for uses detailed in the company’s announcement, and no shareholder approval is required for this placement. The completion of the placement is contingent on several conditions, and the company advises caution to shareholders and potential investors.
More about Jiangxi Rimag Group Co., Ltd. Class H
Jiangxi Rimag Group Co., Ltd. is a joint stock company incorporated in the People’s Republic of China. It operates in the financial sector and is involved in the issuance and trading of shares, specifically H shares, on the Hong Kong Stock Exchange.
YTD Price Performance: -68.17%
Average Trading Volume: 3,299,140
Technical Sentiment Signal: Strong Buy
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