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BaTeLab Co., Ltd. Announces New H Share Placement to Raise HK$116.58 Million

Story Highlights
  • BaTeLab Co., Ltd. plans to raise HK$116.58 million through a new H share placement.
  • The placement involves 3,000,000 shares at HK$40.00 each, subject to certain conditions.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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An announcement from BaTeLab Co., Ltd. ( (HK:2149) ) is now available.

BaTeLab Co., Ltd. has announced a placement of new H shares under a general mandate, aiming to raise approximately HK$116.58 million in net proceeds. The placement involves up to 3,000,000 shares at HK$40.00 each, representing a significant portion of the company’s existing and enlarged share capital. The funds are expected to enhance the company’s financial position, though the placement is conditional and may not proceed if certain conditions are not met.

More about BaTeLab Co., Ltd.

BaTeLab Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China, operating within the financial sector. The company is listed on the Hong Kong Stock Exchange and focuses on issuing and managing securities.

Average Trading Volume: 115,447

Technical Sentiment Signal: Strong Buy

For detailed information about 2149 stock, go to TipRanks’ Stock Analysis page.

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