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More Unpleasant Surprises Could Be In Store For Modern Innovative Digital Technology Company Limited's (HKG:2322) Shares After Tumbling 31%
Express News | Modern Innovative Digital Technology - Chan Chi Yuen Resigned as an Executive Director and CEO
Express News | Modern Innovative Digital Technology Co Ltd - Lau Hoi Kit Appointed as an Executive Director
MODERN INNO DT: Interim Report 2024/25
Modern Innovative Digital to Raise HK$532 Million Through Share Placement; Shares Up 9%
New quality digital (02322) offered a discount of about 7.89% for the placement, yet the stock price rose by 9.21%.
Jinwu Financial News | New Quality Digital (02322) has a placement at a discount of approximately 7.89%, yet the stock price rose by 9.21%, closing at 0.83 Hong Kong dollars, with a trading volume of 0.2712 million Hong Kong dollars. In terms of news, on December 11, 2024, the company signed a placement agreement with the placement agent, under which the company has conditionally agreed to use its best efforts through the placement agent to place up to 0.8 billion placement shares to the assignees at a placement price of 0.70 Hong Kong dollars per share. The assignees and their beneficial owners are all independent third parties. The placement price of 0.70 Hong Kong dollars per share is lower than the market closing price reported on the Stock Exchange on the date of the placement agreement.
kavfam : you read that situation well. looks like a downward spiral.