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Gaodi Holdings Limited (HKG:1676) Stock Rockets 33% But Many Are Still Ignoring The Company
GAODI HOLDINGS: 2024 Annual Report
Gaodi Eyes HK$30.8 Million From Rights Issue; Shares Jump 14%
Gaodi Holdings (01676.HK) plans a 2-for-1 rights issue.
On October 18, Gaodi Holdings (01676.HK) announced that the company plans to raise up to 30.8 million Hong Kong dollars (excluding expenses) through a rights issue to shareholders. The rights issue is non-underwritten, involving a maximum of 77.005 million shares issued at 0.40 Hong Kong dollars per share subscription price. The basis is for every two (2) shares held on the record date, one (1) share will be issued as a rights issue share. The company intends to use the net proceeds from the rights issue as follows: (i) approximately 40% of the net proceeds will be used for goods procurement/deposits, market promotion and advertising expenses, and the existing food business of the group.
Express News | Gaodi Holdings - Proposes to Raise Not More Than HK$30.8 Mln by Way of Rights Issue
Gaodi's Full-Year Loss Shrinks
Investors Still Aren't Entirely Convinced By China Shenghai Group Limited's (HKG:1676) Revenues Despite 39% Price JumpNo Data
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