Comtec Solar Systems Group Ltd. (HK:0712) has released an update.
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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.
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