HK Stock Price Fluctuated | CORE ECON INV (00339) rose more than 40%, intending to offer a discount of about 14.77% for a rights issue, with a maximum net raised amount of approximately HKD 7.01 million.

The Zhongcai Finance APP learned that CORE ECON INV (00339) increased by over 40%, up 42.05% as of the time of writing, at HKD 0.25, with a turnover of HKD 536,600. In terms of news, the company announced that on November 7, 2023, it plans to issue up to 47.52 million shares, accounting for approximately 16.50% of the expanded issued share capital through placement and offer. The subscription price is HKD 0.15 per share, representing a discount of approximately 14.77% compared to the closing price of HKD 0.176 per share on November 7. Assuming all the shares offered are subscribed, the total amount raised from the offering is estimated to be approximately HKD 7.13 million, with a net amount of approximately HKD 7.01 million. The company plans to use approximately HKD 3.51 million of the net proceeds for future investment and business development, and approximately HKD 3.50 million for general operating capital.