China Baoli Technologies Holdings Ltd. (HK:0164) has released an update.
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China Baoli Technologies Holdings Ltd. has announced the successful negotiation of four separate subscription agreements on July 12, 2024, for the issuance of convertible bonds totaling HK$6,000,000. These bonds can be converted into a combined total of 1,500,000 shares at an initial price of HK$4.00 per share, which is about 1.52% of the enlarged total number of shares. The net proceeds, estimated at HK$5,500,000 after expenses, are earmarked for the repayment of liabilities and covering operational costs.
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