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Elate Holdings Limited ( (HK:0076) ) has provided an update.
Elate Holdings Limited announced the issuance of HK$19,950,000 in convertible debentures under a general mandate, with a conversion price of HK$0.25. The proceeds will be used to develop the company’s Web 3.0 business, and the issuance does not require shareholder approval. The debentures are due in 2031, and the new shares will be listed on the Stock Exchange upon approval.
More about Elate Holdings Limited
Elate Holdings Limited is a company incorporated in Hong Kong, operating with limited liability. The company is involved in the development of Web 3.0 business, focusing on leveraging new technologies to enhance its market offerings.
Average Trading Volume: 2,666,915
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$112.5M
For a thorough assessment of 0076 stock, go to TipRanks’ Stock Analysis page.