China Baoli Completes New Share Placement

China Baoli Technologies Holdings Ltd. (HK:0164) has released an update.

China Baoli Technologies Holdings Ltd. has successfully completed the placement of 13,418,000 new shares, raising approximately HK$13.5 million in net proceeds. This strategic move, which involved independent third-party placees, aims to settle outstanding liabilities and fund both the development and general working capital of the group. The placement resulted in a change in the company’s shareholding structure, diluting the public shareholders’ percentage while not significantly altering the directors’ stakes.

For further insights into HK:0164 stock, check out TipRanks’ Stock Analysis page.