Understanding the Market | TIAN CHENG HLDG resumes trading with a high opening of over 45% as the company announces an increase in the placement price and plans to place up to 60 million shares
TIAN CHENG HLDG resumed trading today, as of the time of publication, up 45.33%, at HKD 0.218, with a transaction volume of HKD 63,200. In terms of news, TIAN CHENG HLDG announced that on November 3rd, the company entered into a second supplemental placement agreement with the placement agent after further negotiations, and the company and the placement agent have agreed to revise the placement price per share from HKD 0.1 to HKD 0.121. It is reported that the company announced last month to place up to 60 million shares at a price of HKD 0.1 per share, which is approximately a 13.79% discount to the closing price of HKD 0.116 on the day before the placement announcement
According to Zhitong Finance APP, TIAN CHENG HLDG (02110) resumed trading today, and as of the time of writing, it has risen by 45.33%, trading at HKD 0.218, with a transaction volume of HKD 63,200.
In terms of news, TIAN CHENG HLDG announced that on November 3, the company entered into a second supplemental placement agreement with the placement agent after further negotiations, and the company and the placement agent have agreed to revise the placement price per share from HKD 0.1 to HKD 0.121. It is reported that the company announced last month that it would place up to 60 million shares at a price of HKD 0.1 per share, which is approximately a 13.79% discount to the closing price of HKD 0.116 on the day before the placement announcement
