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China Baoli Technologies Holdings Ltd. ( (HK:0164) ) just unveiled an announcement.
China Baoli Technologies Holdings has entered into eight subscription agreements with independent investors to issue 19.77 million new shares at HK$0.42 each, representing about 6% of its existing share capital. The new shares will be issued under the company’s general mandate, subject to listing approval from the Hong Kong Stock Exchange and fulfilment of conditions precedent.
The company expects to raise about HK$8 million in net proceeds, to be used as working capital for its DGDB projects in Mongolia, including equipment procurement, ore testing, staff costs, logistics and R&D. The fundraising underscores the group’s ongoing investment in its Mongolian operations and technology development, while shareholders and potential investors are cautioned that the subscriptions may or may not proceed.
More about China Baoli Technologies Holdings Ltd.
China Baoli Technologies Holdings Ltd., incorporated in Bermuda and listed in Hong Kong, operates through projects including DGDB initiatives in Mongolia, indicating exposure to resources and related technologies. The group’s activities involve manufacturing, logistics and technical services, aligning it with industrial and project-based operations in emerging resource markets.
Average Trading Volume: 1,499,335
Technical Sentiment Signal: Hold
Current Market Cap: HK$171.3M
Learn more about 0164 stock on TipRanks’ Stock Analysis page.