Guan Chao Holdings Limited (HK:1872) has released an update.
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Guan Chao Holdings Limited’s recent Rights Issue was under-subscribed, with only 38.33% of the offered Rights Shares being validly accepted. The company will employ compensatory arrangements to place the remaining 61.67% of Rights Shares to independent investors, aiming to benefit existing shareholders. Any unplaced shares will not be issued, resulting in a reduced Rights Issue size.
For further insights into HK:1872 stock, check out TipRanks’ Stock Analysis page.
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