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China Wood Int (01822.HK) allows a 45% discount per 'one supply one', raising a net amount of 44.6 million yuan.
China Wood Int (01822.HK) announced a one-for-one rights issue of 0.411 billion shares; the issue price is 0.111 yuan, a discount of 45.05% compared to the previous trading day (19th). The total fundraising amount is 45.6 million yuan, with a net amount of 44.6 million yuan, intended for investment in the functional food and beverage business in mainland China; and for general operating funds.
China wood int (01822.HK) intends to conduct a "1 for 1" rights issue.
On November 19, Guolonghui announced that China Wood International (01822.HK) proposed to issue one (1) rights share for every one (1) existing share held on the record date, at a subscription price of HK$0.111 per rights share, to raise approximately HK$45.6 million by issuing 0.411 billion rights shares to eligible shareholders. After deducting estimated expenses, the net proceeds from the rights issue are estimated to be approximately HK$44.6 million, of which approximately 44.8% will be used for investment in China's functional food and beverage business, and approximately 55.2% will be used for the group's.
China Wood Int (01822.HK) intends to sell the automobile leasing business for 0.05 million yuan.
China Wood Int (01822.HK) announced the sale of the automobile leasing business Gigantic Wisdom's entire equity and connected loans to the independent third party Manyi Asia, for a cash consideration of 0.05 million yuan. Based on the estimated net debt of the group of 66.7 million yuan from the sale, a profit of approximately 60 million yuan will be recorded.
China Wood International Sells Step-down Subsidiary
China Wood International (01822.HK) intends to sell all shares of Gigantic Wisdom.
Glorylink reported on October 28th that china wood int (01822.HK) announced that on October 28, 2024, the seller (a wholly-owned subsidiary of the company) entered into an agreement with the buyer (an independent third party) regarding the sale of assets, whereby the seller agrees to sell and the buyer agrees to purchase the shares (i.e. all the issued share capital of Gigantic Wisdom Limited, the company being sold) and the sales loan, at a cash price of 50,000 Hong Kong dollars. The company being sold is a limited company registered in the British Virgin Islands, mainly engaged in investment holding. The sale of shares refers to the sale
China Wood Int [01822] is now trading at 0.32 Hong Kong dollars, with a growth rate of 10.35%.
As of 11:39, china wood int [01822] reported a price of 0.32 Hong Kong dollars, up by 0.03 Hong Kong dollars or 10.35% compared to the closing price of 0.29 Hong Kong dollars yesterday, with a trading volume of 0.0096 million Hong Kong dollars. The highest price today is 0.32 Hong Kong dollars, the lowest price is 0.32 Hong Kong dollars. Based on yesterday's closing price, the 10-day average price is 0.33 Hong Kong dollars, the 50-day average price is 0.31 Hong Kong dollars. The current PE ratio is 0.04 times, and the 14-day relative strength index is reported at 43.01.
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