IVD Medical Holding Limited (HK:1931) has released an update.
IVD Medical Holding Limited has announced a conditional agreement to issue 270,918,016 new shares at HK$0.7 each, representing a significant discount from the recent closing prices. The placement, managed by Sunhigh Financial Holdings Limited, is set to expand the company’s issued capital by approximately 16.7% upon successful completion, subject to conditions including approval from the Stock Exchange’s Listing Committee. Shareholders and potential investors are advised to exercise caution in dealing with the company’s shares as the completion of the placement is not guaranteed.
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