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

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

Elevate Your Investing Strategy:

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.

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