Dunxin Financial Prices $1.09M Registered Direct Offering At $1.00 per ADS
Portfolio Pulse from Benzinga Newsdesk
Dunxin Financial has priced its registered direct offering at $1.00 per American Depositary Share (ADS), aiming to raise $1.09 million.
July 26, 2023 | 6:26 am
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Dunxin Financial's registered direct offering priced at $1.00 per ADS could potentially dilute existing shareholders' equity.
The registered direct offering by Dunxin Financial at $1.00 per ADS could lead to dilution of existing shareholders' equity. This is because the company is issuing more shares, which can decrease the value of existing shares. Therefore, this news could potentially have a negative impact on the company's stock price in the short term.
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