Jinwu Financial News | Camdank Solar (00712) rose strongly after resuming trading. As of press release, it was HK$0.202, up 36.67%, with a turnover of HK$3.3796 million.
Camdank Solar announced that the deadline for the agreement to issue a total of 158 million new shares to independent third parties has been extended to January 26 instead of March 29. The reason is that the company has already received the bulk of the subscription payment from the subscribing party.
At the end of June last year, the company announced that it would issue a total of 158 million new shares to three independent third parties, Zhongsheng Investment Group, Wu Jun and Zhao Xiaoqun, at a price of 0.105 yuan per share. Of this, about 7.42 million yuan will be used as capitalized outstanding funds; the net proceeds were 8.71 million yuan.