Comtec Solar Systems Group Ltd. (HK:0712) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Comtec Solar Systems Group Ltd. has announced agreements to issue 180,316,300 new shares to independent third-party subscribers at a discounted price of HK$0.117 each, which will dilute current shares by approximately 14.54%. The proceeds from this subscription, totaling around HK$6.78 million, are intended for working capital and repaying debt. Shareholders are advised to be cautious as the agreements are subject to conditions, and the transactions may not be completed as planned.
For further insights into HK:0712 stock, check out TipRanks’ Stock Analysis page.