China Carbon Neutral Development Terminates HK$40 Million Share Subscription
MT Newswires Live
Mar 16
China Carbon Neutral Development (HKG:1372) said it has terminated an agreement to issue new shares, according to a March 13 Hong Kong bourse filing.
Shares of the civil engineering company were down more than 2% in morning trade on Monday.
The company and subscriber, EcoRise Solutions, terminated their subscription agreement due to recent market volatility.
Under the plan, the investor had agreed to subscribe for 40 million new shares at HK$1.00 each, which would have raised HK$40 million for the company.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.