The Zhitong Finance App learned that Chishida (06918) had an intraday increase of nearly 75%. As of press release, it rose 63.38% to HK$0.58, with a turnover of HK$5.1563 million.
According to the news, Chistar announced that it will place up to 104 million new shares at an placement price of HK$0.35, a 1.4% discount from the closing price on July 26. The net proceeds from the fund-raising amount of HK$35.94 million are intended to be used for debt repayment and general working capital.
According to reports, trading of the stock began to be suspended on March 31 this year. On July 10, the company announced its 22-year results, with annual revenue of 169 million yuan, a year-on-year decrease of 40.3%. A loss of 76.66 million yuan was recorded, which changed from profit to loss. Trading on the stock resumed on the same day, and at one point the stock price soared by nearly 80%.