CROWNICORP offers nearly a 20% discount for a three-for-one share placement, raising up to 620 million

AASTOCKS
2025.11.23 10:16

CROWNICORP (00727.HK) announced a proposed rights issue, issuing up to 953 million shares; the rights issue price is HKD 0.65, a discount of 19.75% compared to the last trading day (21st). The maximum fundraising amount is HKD 620 million, with a net amount of HKD 618 million intended to be used entirely for the development of residential land located in the Qianhai New Area of Shenzhen

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