China Wood International Raises HK$45 Million via Rights Issue; Shares Slide 6%

MT Newswires Live

2025/03/25

China Wood International Holding (HKG:1822) generated HK$44.6 million in net proceeds as the rights issue was oversubscribed by 39.08%, according to a filing with the Hong Kong bourse on Monday.

Investors applied for 571.9 million shares, exceeding the 411.2 million available. Shareholder Right Momentum's stake remains at 54.98%.

The trading materials firm's shares were down 6% in recent trading.

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Shareholder Right Momentum's stake remains at 54.98%.</p><p>The trading materials firm's shares were down 6% in recent trading.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01822","symbol_name":"中木國際","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2522209860","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2522209860","pubTimestamp":1742887085,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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