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GOLDENPOWER (03919.HK) Issues New Shares at 14.29% Discount, Raising HKD7.7 million
GOLDENPOWER (03919.HK) announced that it has issued 6.48 million new shares to an independent third party, Gao Jianxing, at a price of HKD1.2 per share, representing a 14.29% disco...
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GOLDENPOWER (03919.HK) Issues New Shares at 14.29% Discount, Raising HKD7.7 million
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GOLDENPOWER (03919.HK)  +0.080 (+5.674%)   announced that it has issued 6.48 million new shares to an independent third party, Gao Jianxing, at a price of HKD1.2 per share, representing a 14.29% discount to today's (6th) closing price. The total subscription amount was HKD7.78 million, with net proceeds of approximately HKD7.7 million. The funds are intended to be used for the development and expansion of newly developed technologies and patented applications of specialty batteries used in healthcare and medical devices, repayment of bank borrowings, and general working capital.

Upon completion, the subscriber will become a substantial shareholder of the company, holding a 16.67% stake. (de/d)(HK stocks quote is delayed for at least 15 mins.)

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