Summary by Moomoo AI
CHINA SKY CHEMICAL (C ZENITH CHEM) ANNOUNCED ON 13 MARCH 2024 THAT THE COMPANY ENTERED INTO A SUBSCRIPTION AGREEMENT WITH THE SUBSCRIBER CHINA MINES JOINT HOLDINGS GROUP LIMITED, AGREEING TO ISSUE AND DISTRIBUTE 108,000,000 NEW SHARES AT A PRICE OF HK$0.1 PER SHARE. This subscription represents approximately 11.45% of the Company's existing issued share capital and is expected to expand to approximately 10.27% upon completion, assuming no other share capital movements. The subscription price was a discount of approximately 13.79% from the closing price of HK$0.116 per share at the date of the subscription agreement and a premium of approximately 2.04% over the previous five trading days to the average closing price of HK$0.098 per share. The subscription is expected to raise a total of approximately...Show More