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Tianchen Holdings (01201.HK) Places Shares at 21.05% Discount to Raise HKD105 million
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Tianchen Holdings (01201.HK) announced a placing of up to 70 million new shares, representing 15.92% of the enlarged share capital. The placing price is HKD1.5 per share, representing a 21.05% discount to the closing price on the previous trading day (17th). Gross proceeds are expected to be HKD105 million, with net proceeds of HKD103 million. The funds are intended to be used for settlement of outstanding payables; general working capital for the lithium-ion power battery business; expansion of the charging station business; and general working capital. (de/d) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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