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Shougang Century Plans Possible Premium Rights Issue
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Shougang Century Plans Possible Premium Rights Issue

Story Highlights
  • Shougang Century considers a rights issue to strengthen capital and business growth.
  • The rights issue aims to raise up to HK$160 million, increasing shares and market cap by 50%.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Invest with Confidence:

Shougang Concord Century Holding Ltd. ( (HK:0103) ) has provided an announcement.

Shougang Century Holdings Limited has announced a potential rights issue aimed at strengthening its capital resources, enhancing its capital structure, and supporting business development. The rights issue, if pursued, would allow shareholders to maintain their pro-rata shareholding interests and participate in the company’s potential growth. The company estimates that the funds raised will not exceed HK$160 million, with the total number of issued shares and market capitalization expected to increase by no more than 50%. The subscription price will be set with reference to market prices and financial performance. The rights issue is tentative and subject to finalization and fulfillment of certain conditions.

More about Shougang Concord Century Holding Ltd.

YTD Price Performance: -12.00%

Average Trading Volume: 20,000

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €124.6M

See more insights into 0103 stock on TipRanks’ Stock Analysis page.

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