China Sci-Tech Industrial Investment Group Ltd. Files Prospectus for Rights Issue Offering 1 Share for Every 2 Held
China Sci-Tech Industrial Investment Group Ltd., formerly known as Core Economy Investment Group Limited, has filed a prospectus dated June 9, 2025, regarding a rights issue. The rights issue is based on one new share for every two existing shares held on the record date, offered on a non-underwritten basis. As of the latest acceptance time on June 23, 2025, a total of five valid applications were received for 36,850,509 rights shares. The announcement, released on July 7, 2025, also confirms the involvement of executive directors Mr. Sun Bo (Chairman) and Mr. Wang Daming, along with non-executive and independent non-executive directors. The rights issue aims to expand the company's capital, with a total of 432,000,000 shares now in circulation.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Sci-Tech Industrial Investment Group Ltd. published the original content used to generate this news brief on July 07, 2025, and is solely responsible for the information contained therein.
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.