Qidian International Co., Ltd. (HK:1280) has released an update.
Qidian International Co., Ltd. has successfully completed the issuance and subscription of new shares under its general mandate, resulting in the allotment of 158,627,138 new shares and a shift in shareholding structure. The new capital, amounting to approximately HK$81.39 million, is earmarked to repay debt and for general corporate expenses. A noteworthy change in the ownership is the emergence of Subscriber I as a substantial shareholder, now holding approximately 13.92% of the company post-completion.
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