China Baoli Technologies Boosts Shareholder Stake with New Issuance

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

China Baoli Technologies Holdings Ltd. has completed the issuance of 9,756,096 new shares at HK$0.41 each, raising approximately HK$1.9 million after expenses. The new shares have significantly increased the First Subscriber’s stake from 0.7646% to 4.7908%. The company aims to use the proceeds for designated purposes as outlined in their previous announcement.

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