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CROSSTEC (03893.HK) plans to hold a Board of Directors meeting on February 27 to approve interim performance.
Gelonghui, February 12 - CROSSTEC (03893.HK) announced that the Board of Directors meeting will be held on February 27, 2025 (Thursday) to consider and approve (including) the unaudited interim results of the company and its subsidiaries for the six months ending December 31, 2024, and to consider the declaration of an interim dividend (if any).
CROSSTEC (03893.HK) plans to offer a discount of approximately 10.31% for the placement of up to 31.104 million shares.
Gelonghui, February 7th | CROSSTEC (03893.HK) announced that on February 7, 2025, the company entered into a placement agreement with the placement agent. The company intends to place a maximum of 31.104 million shares, representing 20% of the company's currently issued share capital and approximately 16.67% of the company's issued share capital after full allocation. The placement price per share is 0.20 HKD, a discount of about 10.31% compared to the closing price of 0.223 HKD per share reported on the Stock Exchange on the date of the placement agreement. The total amount of funds to be raised from the placement is approximately 6,220,800 HKD, and the net proceeds from the placement are expected to be around 6,
CROSSTEC Group Announces Share Placing to Fund Interior Projects
Express News | CROSSTEC Group - to Place up to 31.1 Mln Placing Shares at HK$0.20 per Share
CROSSTEC Announces Executive Director Resignation
Express News | CROSSTEC Group Holdings Ltd - Cui Qingbo Tendered His Resignation as an Executive Director
_AMS_ : I have the same question like you……
Calvin123 : interesting, I also wonder why they want to force the price to plunge. probably they are shorting to buy back at a low price?
Newbiebie : before u buy they already hold.