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Dingyi Group Investment Limited ( (HK:0508) ) has issued an announcement.
Dingyi Group Investment Limited announced the issuance of convertible bonds worth HK$980 million, which will be converted into shares at an initial price of HK$0.328 per share, significantly increasing the company’s share capital. The company also plans to increase its authorized share capital from HK$200 million to HK$500 million, subject to shareholder approval. This move is part of a connected transaction, as the subscriber is a substantial shareholder, and requires independent shareholder approval. An Independent Board Committee and an Independent Financial Adviser have been appointed to guide the shareholders through the process.
More about Dingyi Group Investment Limited
Dingyi Group Investment Limited is a company incorporated in Bermuda with limited liability, primarily involved in investment activities. The company operates within the financial sector, focusing on investment opportunities and financial services.
Average Trading Volume: 262,767
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$263.7M
Learn more about 0508 stock on TipRanks’ Stock Analysis page.