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An announcement from Zhongguancun Science-Tech Leasing Co. Ltd. Class H ( (HK:1601) ) is now available.
Zhongguancun Science-Tech Leasing Co., Ltd. announced a connected transaction involving the proposed issuance and subscription of up to 281,768,000 new domestic shares under a specific mandate, approved by the board. This transaction, amounting to approximately RMB510 million, is aimed at strengthening the company’s financial position, representing a significant percentage of the existing and enlarged share capital. The issuance requires approval from independent shareholders, as it involves connected persons, ZGC Finance and Chaoyang SCOMC, under the Listing Rules and Takeovers Code. This move is expected to bolster ZGC Finance’s control over the company, potentially reaching up to 74.88% of the total shares post-completion.
More about Zhongguancun Science-Tech Leasing Co. Ltd. Class H
Zhongguancun Science-Tech Leasing Co., Ltd. is a joint stock company incorporated in the People’s Republic of China. It operates within the financial leasing industry, focusing on the issuance and subscription of shares to enhance its capital structure and support growth initiatives.
YTD Price Performance: -2.41%
Average Trading Volume: 401,568
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$1.08B
Find detailed analytics on 1601 stock on TipRanks’ Stock Analysis page.
