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China Baoli Technologies Holdings Ltd. ( (HK:0164) ) has shared an announcement.
China Baoli Technologies Holdings Limited announced the results of its Rights Issue and Placing, which were conducted on a non-underwritten basis. The company raised approximately HK$71.6 million in net proceeds, with a significant portion intended for the repayment of outstanding liabilities, general working capital, and investment in the Convergence Media Business. The Rights Issue was under-subscribed, with only 42.882% of the available shares taken up, indicating a challenging market response. Despite this, the successful placement of shares to independent third parties marks a strategic step in addressing the company’s financial obligations and operational needs.
More about China Baoli Technologies Holdings Ltd.
Average Trading Volume: 639,121
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$206.3M
See more data about 0164 stock on TipRanks’ Stock Analysis page.