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Bairong Cloud-W (06608.HK) to Place Two-Year Warrants at Exercise Price of HKD8.7
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Bairong Cloud-W (06608.HK) announced the placement of up to 37.3935 million two-year warrants at a placing price of HKD0.1 each, with net proceeds of approximately HKD3.04 million, which are intended to be used to increase research and development investment and for general working capital purposes. The initial exercise price of the warrants is HKD8.7, implying a total cost of HKD8.8 per share, representing a premium of 23.42% over today's (20th) closing price. The new shares transferable upon exercise account for 7.4% of the enlarged share 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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