HK stock moves | Guan Chao Holdings (01872) rose nearly 55% in the afternoon. Plans to issue 1 share for every 4 shares, with a net raised of 0.17 billion HKD. The current total market value is less than 0.1 billion.

According to the app of WiseNews, Guan Chao Holdings (01872) rose nearly 55% in the afternoon, with a high of 0.88 Hong Kong dollars in intraday trading. As of press time, it has risen 36.84% to 0.78 Hong Kong dollars, with a turnover of 27.799 million Hong Kong dollars. It's noteworthy that the company's current total market value is about 86.4 million Hong Kong dollars. In terms of news, Guan Chao Holdings announced that it proposes 1-for-4, with 0.432 billion shares issued; the subscription price is 0.5 yuan with a 20% discount over the closing price on the previous trading day (12th). The total amount raised is 0.173 billion Hong Kong dollars, and the net amount raised is about 0.17 billion Hong Kong dollars, which will be used to expand the business network of autos to Thailand; and develop the AEM business.

Zhitong FinanceJul 16 02:25 ET

Guan Chao Holdings (01872.HK) plans a 1-for-4 rights issue to raise a net of HKD 0.17 billion.

Guan Chao Holdings (01872.HK) announced that the board of directors recommends offering 0.40 Hong Kong dollars per share of subscription price (with qualified shareholders holding one (1) share of stock on the record date receiving four (4) shares of stock as the benchmark for subscription shares) to issue 0.432 billion shares of subscription shares in the form of shares, raising a maximum total of approximately 0.17 billion Hong Kong dollars (before deducting expenses). The subscription shares are only applicable to qualified shareholders and not to unqualified shareholders. Assuming that the total issued share capital of the company has not changed before or on the record date, and the subscription is fully accepted, the maximum net proceeds from the subscription (after deducting expenses) will be

Gelonghui FinanceJul 12 10:55 ET

Express News | Guan Chao - Rights Issue on Basis of 4 Rights Shares for Every 1 Share Held

ReutersJul 12 10:52 ET

Express News | Guan Chao - to Raise Gross Proceeds of up to HK$172.8 Mln Before Expenses by Way of Rights Issue of 432 Mln Rights Shares at HK$0.40 per Share

ReutersJul 12 10:51 ET

Guan Chao Issues Subscription Shares Worth HK$11.24 Million

Guan Chao Holdings (HKG:1872) said it completed the issuance of subscriptions of 18 million shares for roughly HK$11.24 million to a third party, according to a Friday filing on the Hong Kong bourse.

MT NewswiresJun 10 01:57 ET

Guan Chao Holdings (01872) has completed the issuance of 18 million shares.

GTC Holdings (01872) has announced that all preconditions have been met, and in accordance with the terms of the subscription agreement, the transaction has been completed as of June 7, 2024. Upon completion, 18 million subscription shares have been allocated and issued by the company to the subscriber (an independent third party) at a subscription price of HKD 0.63 per share.

Zhitong FinanceJun 7 09:58 ET