Champion Technology Holdings (HK:0092) has released an update.
Champion Technology Holdings Limited has entered into agreements to place 136,764,000 new shares at a discounted price of HK$0.175 per share, aiming to raise approximately HK$21.0 million for working capital and investments in renewable energy. The placement is carried out through two separate agreements with Get Nice Securities Limited and Fortune Origin Securities Limited, and the success of the transaction is contingent upon the Hong Kong Stock Exchange’s approval. Shareholders and potential investors are advised to be cautious when dealing in the company’s securities as the placement’s completion is subject to certain conditions.
For further insights into HK:0092 stock, check out TipRanks’ Stock Analysis page.