---
title: "China International Development Plans HK$43 Million Share Placing at Discount"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/271657492.md"
description: "China International Development Corporation Limited (HK:0264) has announced a share placing agreement to issue up to 20 million new shares at HK$2.16 each, representing a discount to market prices. This move aims to raise approximately HK$43.2 million (net HK$42.06 million) for additional funding, while slightly diluting existing shareholders. The completion of the placement is conditional. The latest analyst rating for the stock is a Hold with a price target of HK$2.50."
datetime: "2026-01-06T13:08:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/271657492.md)
  - [en](https://longbridge.com/en/news/271657492.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/271657492.md)
---

# China International Development Plans HK$43 Million Share Placing at Discount

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An announcement from China International Development Corporation Limited ( (HK:0264) ) is now available.

China International Development Corporation Limited has entered into a placing agreement with an independent placing agent to issue up to 20 million new shares under its existing general mandate, representing about 4.33% of its current issued share capital and 4.15% of the enlarged capital. The shares will be placed to at least six independent investors at HK$2.16 per share, reflecting a discount to recent market prices, and are expected to raise gross proceeds of approximately HK$43.2 million (net HK$42.06 million), providing additional funding while modestly diluting existing shareholders, although completion remains conditional and may not proceed.

The most recent analyst rating on (HK:0264) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on China International Development Corporation Limited stock, see the HK:0264 Stock Forecast page.

**More about China International Development Corporation Limited**

China International Development Corporation Limited is a Hong Kong-listed company; the announcement relates to its capital-raising activities through the equity market, but the release does not provide details on its specific industry, products, services, or market focus.

**Average Trading Volume:** 1,165,056

**Technical Sentiment Signal:** Strong Buy

**Current Market Cap:** HK$1.12B

For an in-depth examination of 0264 stock, go to TipRanks’ Overview page.

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