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Xin Yuan Enterprises Group Ltd. ( (HK:1748) ) has issued an update.
Xin Yuan Enterprises Group Ltd. has announced amendments to a subscription agreement involving a change in subscription price and the inclusion of additional warranties. The revised subscription price is set at HK$1.215, representing a discount to previous closing prices. The net proceeds, expected to total approximately HK$106.3 million, will be used primarily to finance a vessel acquisition and as working capital. The agreement includes warranties on the company’s legal and financial status. The investor is an independent investment holding company.
More about Xin Yuan Enterprises Group Ltd.
YTD Price Performance: -13.66%
Average Trading Volume: 82,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$611.6M
Find detailed analytics on 1748 stock on TipRanks’ Stock Analysis page.