China HK Power Smart Energy Group to Issue New Shares Under Subscription Agreement

China LNG Group ( (HK:0931) ) has provided an update.

China HK Power Smart Energy Group Limited, a company incorporated in the Cayman Islands, has entered into a Subscription Agreement with a private individual investor to issue 43,700,000 new shares at a price of HK$0.25 each. This issuance represents approximately 0.65% of the company’s total issued shares and is expected to raise gross proceeds of HK$10.93 million, which will be used as general working capital. The subscription price is set at a slight discount to recent trading prices, and the transaction is not subject to shareholder approval as it falls under the General Mandate 2024. The completion of the subscription is contingent upon the fulfillment of certain conditions, and the company has applied for the listing of these new shares on the Stock Exchange.

More about China LNG Group

Average Trading Volume: 2,518,352

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.73B

For detailed information about 0931 stock, go to TipRanks’ Stock Analysis page.