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