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E&P Global Holdings Limited ( (HK:1142) ) has provided an update.
E&P Global Holdings Limited has announced the closing and results of a significant placing agreement, where US$50,200,000 of the principal amount has been placed to no less than six placees at a conversion share price of HK$0.25. Additionally, a definitive conversion plan has been set in motion, involving a proposed conversion of US$164,500,000, which will trigger a mandatory conversion of US$50,200,000, significantly enlarging the company’s issued capital. This move is expected to impact the company’s market positioning by increasing its share capital to 6,843,657,062 shares, pending regulatory approval.
More about E&P Global Holdings Limited
Average Trading Volume: 370,078
Technical Sentiment Signal: Buy
Current Market Cap: HK$140.7M
For detailed information about 1142 stock, go to TipRanks’ Stock Analysis page.