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HBM HOLDINGS-B Plans to Raise $512M by Placing Shrs at 9.5% Discount
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HBM HOLDINGS-B (02142.HK) announced plans to place a total of 45.022 million new shares, accounting for approx. 5.17% of the enlarged issued share capital, at a price of $11.5 per share, representing a discount of approx. 9.45% to yesterday's (28th) closing price of $12.7 per share. The Company expected the net proceeds from the placing to amount to approx. $512 million, with approx. 50% to be used for pioneering the research and development of innovative drug assets; approx. 40% to be used for progressing the clinical trials of existing pipeline drug assets; and approx. 10% to be used for working capital and other general corporate purposes. AASTOCKS Financial News Website: www.aastocks.com |
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