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The latest announcement is out from Xinming China Holdings Limited ( (HK:2699) ).
Xinming China Holdings Limited announced a supplemental update regarding the placement of existing shares by its controlling shareholder. The company clarified that the Placing Agent and placees involved in the share placement are independent and not acting in concert with the Vendor or the company’s management, ensuring compliance with relevant securities regulations. This move does not alter the company’s substantial shareholder structure, thus maintaining operational stability and potentially boosting investor confidence.
More about Xinming China Holdings Limited
Xinming China Holdings Limited is a company incorporated in the Cayman Islands with a primary focus on real estate and property development in China. It engages in the development, sale, and management of residential and commercial properties, catering to the growing demands of the urban population in China.
YTD Price Performance: 61.54%
Average Trading Volume: 32,598,863
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$39.45M
For detailed information about 2699 stock, go to TipRanks’ Stock Analysis page.
