Jiangsu Lopal Tech Co. Ltd. Class H ( (HK:2465) ) has provided an announcement.
Jiangsu Lopal Tech Co., Ltd., a company incorporated in China, has announced a major transaction involving a subscription agreement and shareholders agreement with LBM, the Target Company, and an Investor. The transaction entails the issuance of 255,930.64 new Target Shares to the Investor for USD 15,970,911.12, representing 20% of the Target Company’s share capital. The agreements also include put options for the Investor in specific scenarios, potentially impacting the company’s equity structure and requiring shareholder approval. Despite the complexity of the transaction, it is not classified as a notifiable transaction under the Listing Rules.
More about Jiangsu Lopal Tech Co. Ltd. Class H
YTD Price Performance: 11.22%
Average Trading Volume: 12,051,355
Current Market Cap: HK$7.13B
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