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Zall Smart Commerce Group Ltd. ( (HK:2098) ) has shared an announcement.
Zall Smart Commerce Group Ltd. has entered into a connected transaction with Zall Holdings for the subscription of 1.2 billion new shares, raising gross proceeds of HK$312 million. These funds are primarily aimed at repaying the company’s debts. The transaction, which represents a notable percentage of the company’s share capital, is subject to approval by independent shareholders due to its connected nature under listing rules.
More about Zall Smart Commerce Group Ltd.
Zall Smart Commerce Group Ltd., incorporated in the Cayman Islands, operates within the commerce industry with a focus on smart commerce solutions. The company is involved in transactions and strategies that enhance its market presence.
YTD Price Performance: -6.45%
Average Trading Volume: 253,435
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$3.6B
See more data about 2098 stock on TipRanks’ Stock Analysis page.
