GoFintech Aims for HK$281.8M from Share Placement

GoFintech Innovation Limited (HK:0290) has released an update.

GoFintech Innovation Limited has announced the conditional agreement of new share placement through a Placing Agent, aiming to introduce up to 316,312,292 new shares priced at HK$0.90 each. This represents a 5% increase in existing share capital and is expected to generate a net proceed of approximately HK$281.80 million, with no need for shareholder approval due to a prior general mandate. However, the placement’s completion is contingent on several conditions and listing committee approval, making its finalization uncertain.

For further insights into HK:0290 stock, check out TipRanks’ Stock Analysis page.