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Creative Global Technology Holdings Limited Ordinary Shares - CGTL STOCK NEWS

Welcome to our dedicated page for Creative Global Technology Holdings Ordinary Shares news (Ticker: CGTL), a resource for investors and traders seeking the latest updates and insights on Creative Global Technology Holdings Ordinary Shares stock.

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Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Creative Global Technology Holdings Ordinary Shares's position in the market.

Rhea-AI Summary

Creative Global Technology Holdings (CGTL), a Hong Kong-based company specializing in recycled consumer electronics, has completed its initial public offering on the Nasdaq Capital Market. The company sold 1,250,000 ordinary shares at $4.00 per share, raising $5,000,000 in gross proceeds. Additionally, CGTL raised $750,000 through the full exercise of the underwriter's over-allotment option of 187,500 shares. Trading began on November 26, 2024, under the symbol 'CGTL'. The proceeds will fund general corporate purposes, wholesale business expansion, retail growth, overseas market development, and a repair facility establishment.

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Rhea-AI Summary

Creative Global Technology Holdings (CGTL), a Hong Kong-based company focused on recycled consumer electronics, has announced the pricing of its initial public offering. The company is offering 1,250,000 ordinary shares at $4.00 per share, aiming to raise $5,000,000 in gross proceeds. Trading will commence on November 26, 2024, on the Nasdaq Capital Market under ticker 'CGTL'. The underwriters have a 45-day option to purchase up to 187,500 additional shares. Proceeds will fund general corporate purposes, wholesale business expansion, retail growth, overseas market development, and construction of a repair facility.

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FAQ

What is the current stock price of Creative Global Technology Holdings Ordinary Shares (CGTL)?

The current stock price of Creative Global Technology Holdings Ordinary Shares (CGTL) is $4.4811 as of December 3, 2024.

What is the market cap of Creative Global Technology Holdings Ordinary Shares (CGTL)?

The market cap of Creative Global Technology Holdings Ordinary Shares (CGTL) is approximately 79.1M.

Creative Global Technology Holdings Limited Ordinary Shares

Nasdaq:CGTL

CGTL Rankings

CGTL Stock Data

79.10M
1.25M
93.29%
Specialty Retail
Consumer Cyclical
Link
United States of America
Kwun Tong