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IMPRO PRECISION Conducts Top-up Placing at 13.6% Discount w/ Net Proceeds HKD539M
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IMPRO PRECISION (01286.HK) announced a top-up placing of up to 60 million shares, representing approximately 3.08% of the enlarged share capital, at a price of HKD9.1 per share, representing a discount of about 13.58% to the closing price of HKD10.53 yesterday (26th). The placing is expected to raise net proceeds of approximately HKD539 million. Of the total, about 64.94% is intended for capacity expansion of the Mexico and China plants to meet the soaring demand particularly on end-markets related to artificial intelligence data centers; about 18.55% will be used for expansion of future production capacity and process categories and make forward-looking preparations for the long-term sustainable development of the aerospace sector; and about 16.51% will be used for repayment of bank borrowings, general working capital and general corporate purposes. Auto-translated by AI This article was automatically translated by AI, the original language 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. More Details
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