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Why We're Not Concerned Yet About China New Consumption Group Limited's (HKG:8275) 25% Share Price Plunge
China New Consumption Group Limited (HKG:8275) shares have had a horrible month, losing 25% after a relatively good period beforehand. The drop over the last 30 days has capped off a tough year for
China New Consumer Group plans to adopt a new share purchase plan
China New Consumer Group (08275) issued an announcement. The board of directors is pleased to announce that on February 21, 2024, the board of directors resolved to adopt a new share purchase plan for shareholders to approve at the special shareholders' meeting to be held by the company. Given that the amendments to Chapter 23 of the GEM Listing Rules came into effect on January 1, 2023, the directors believe that adopting a new share option plan with a period of 10 years from the date of adoption would allow the company to be more flexible in its long-term planning to grant share options to eligible participants, while also providing appropriate rewards or rewards to suitable and eligible persons who have contributed or may have contributed to the Group
China New Consumer Group (08275.HK) intends to terminate the existing share option scheme and proposes to adopt the new share option plan
Gelonghui, Feb. 21丨China New Consumer Group (08275.HK) announced that in accordance with the ordinary resolution passed by shareholders on September 22, 2017, the company adopted the existing share option plan. On the date of the announcement, the company had no unexercised share options under the existing share option plan, and did not intend to grant any further share options under the existing share option plan between the date of the announcement and the date of the special shareholders' meeting. The Supervisory Authority's amendments to Chapter 23 of the GEM Listing Rules came into effect on January 1, 2023. The directors believe that adopting a new share option plan valid for 10 years from the date of adoption would enable the company to enter into a joint venture
China New Consumer Group (08275) completed the placement of 80 million shares to raise approximately HK$13.39 million
Zhitong Finance App News, China New Consumer Group (08275) issued an announcement. All conditions set out in the placement agreement have been met, and the placement was completed on February 8, 2024. A total of 80 million shares have been successfully placed by the placement agent to no less than six undertakers at the placement price of HK$0.176 per share in accordance with the terms and conditions of the placement agreement, accounting for approximately 16.67% of the issued share capital of the company which expanded through allotment and issuance of placement shares immediately after the completion of the placement transaction. The net proceeds from the placement were approximately HK$13.39 million. The company plans to use the net proceeds from the placement for the following purposes
China New Consumer Group plans to sell up to 80 million shares at a discount of about 19.63%
China New Consumer Group (08275) issued an announcement. On January 25, 2024, the placement agent entered into a placement agreement with the company. According to this, the placement agent agreed to place up to 80 million shares to no less than 6 undertakers at a price of approximately HK$0.176 per share on a best-effort basis. Assuming that there is no change in the company's issued share capital between the date of this announcement and the date of completion, the maximum number of placed shares accounts for about 16.67% of the expanded issued share capital of the allocated and issued placed shares. The placement price of HK$0.176 is approximately 1 off the closing price of HK$0.219 as reported on January 25
China New Consumer Group (08275) plans to discount approximately 19.63% of up to 80 million shares to raise approximately HK$13.39 million
China New Consumer Group (08275) issued an announcement. On January 25, 2024, the placement agent entered into an arrangement with the company...
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