China Baoli Announces New Share Subscriptions

China Baoli Technologies Holdings Ltd. (HK:0164) has released an update.

China Baoli Technologies Holdings Ltd. has announced agreements for subscriptions of new shares under a general mandate, with four separate subscribers committing to invest a total of approximately HK$4 million. The shares, priced at HK$0.410 each, will amount to about 10.0130% of the pre-issuance total and 9.1016% post-issuance. The proceeds, after expenses, will be used for general working capital and to offset part of the company’s debt.

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