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.
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