China Baoli Extends Share Placement Deadline

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

China Baoli Technologies Holdings Ltd. has entered into a supplemental agreement to extend the completion date for a placement of new shares to 17 June 2024, with an adjusted placing price of HK$1.070, a significant discount from recent closing prices. The company plans to use the expected net proceeds of approximately HK$16.7 million for settling liabilities, business development, and general working capital. Shareholders and potential investors are cautioned as the placement is still subject to conditions and may not proceed as planned.

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