Zhong Jia Guo Xin Raises HK$40.75 Million in Fully Subscribed Rights Issue
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Zhong Jia Guo Xin Holdings Company Limited has successfully completed a rights issue, raising approximately HK$40.75 million. The rights issue involved two rights shares for every existing share, with all 296,772,672 shares fully subscribed. The funds will be used for repaying payables, working capital, investing in a new water business project, and maintaining its mining operations. The company aims to strengthen its balance sheet and support strategic initiatives. The latest analyst rating for Asia Resources Holdings Limited (HK:0899) is a Hold with a price target of HK$0.21.
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