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Zhongbao New Material (02439.HK) Revises Placing Price to HKD0.23, Trading to Resume on Wednesday
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Zhongbao New Material (02439.HK) announced that the placing price for up to 200 million shares has been revised from HKD0.228 to HKD0.23, representing a 19.30% discount to the closing price before trading suspension. The gross proceeds amount to HKD46 million, with net proceeds of HKD45.8 million. The funds are intended to be used for procuring production materials, developing new products and expanding the companys product portfolio. The company has applied for the resumption of trading in its shares on Wednesday (8th). (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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