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Cloud Factory Technology Holdings Limited ( (HK:2512) ) has issued an update.
Cloud Factory Technology Holdings Limited has announced the issuance of new shares under a general mandate. The company has entered into agreements with two independent third-party subscribers, Subscriber A and Subscriber B, to issue a total of 45,985,000 shares at a price of HK$4.98 per share. The proceeds from this subscription, amounting to HK$228.0 million, are intended for use as specified in the company’s announcement. The completion of this subscription is contingent upon receiving approval for listing and dealing in the subscription shares, and the company advises caution to shareholders and investors as the process may not proceed to completion.
More about Cloud Factory Technology Holdings Limited
Average Trading Volume: 481,503
Technical Sentiment Signal: Strong Buy
For a thorough assessment of 2512 stock, go to TipRanks’ Stock Analysis page.