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JINCHUAN INTL Wanes 12% w/ ~14% Discount in Shr Placement
Recommend 3 Positive 5 Negative 6 |
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JINCHUAN INTL (02362.HK) plunged by 12.33% to $0.64, on a volume of 844 million shares, involving $536 million. JINCHUAN INTL plans to launch a top-up placement of 630 million existing shares (around 4.8% of the enlarged share capital) at a price of $0.628 per share, representing a discount of around 13.97% to Wednesday's (12th) closing price of $0.73. The net proceeds are expected to be around $389 million. AAStocks Financial News |
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