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China Energy Storage Extends Long Stop Date for Share Placement

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China Energy Storage Extends Long Stop Date for Share Placement

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Link-Asia International Medtech Group Ltd. ( (HK:1143) ) has provided an update.

China Energy Storage Technology Development Limited has announced a further extension of the Long Stop Date for the placement of new shares under a general mandate. The extension, now set to 19 August 2025, allows additional time for fulfilling conditions precedent in the Joint Placing Agreement. This move is seen as commercially reasonable and in the interest of the company and its shareholders, although the completion of the placing remains uncertain.

More about Link-Asia International Medtech Group Ltd.

China Energy Storage Technology Development Limited, formerly known as Link-Asia International MedTech Group Ltd., operates in the energy storage technology sector. The company is focused on the development and placement of new shares under a general mandate, indicating a strategic focus on expanding its market presence and financial capabilities.

Average Trading Volume: 1,072,959

Technical Sentiment Signal: Sell

Current Market Cap: HK$99.81M

See more data about 1143 stock on TipRanks’ Stock Analysis page.

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