tiprankstipranks
Trending News
More News >

China Baoli Technologies Faces Under-Subscription in Rights Issue, Extends Placement Period

Story Highlights
China Baoli Technologies Faces Under-Subscription in Rights Issue, Extends Placement Period

Confident Investing Starts Here:

An announcement from China Baoli Technologies Holdings Ltd. ( (HK:0164) ) is now available.

China Baoli Technologies Holdings Ltd. announced the results of its rights issue, revealing a significant under-subscription with only 1.571% of the available rights shares subscribed. To address this, the company has commenced placing the unsubscribed shares through a Placing Agent, extending the placement period to June 6, 2025, to attract more investors. This move aims to mitigate the impact of the under-subscription and stabilize the company’s financial position.

More about China Baoli Technologies Holdings Ltd.

China Baoli Technologies Holdings Ltd. is a company incorporated in Bermuda, operating in the technology sector. It is listed on the Hong Kong Stock Exchange and focuses on providing technology solutions and services.

Average Trading Volume: 624,811

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$203.7M

Learn more about 0164 stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1