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EPI (Holdings) Limited ( (HK:0689) ) has provided an update.
EPI (Holdings) Limited has announced the placement of up to 1,047,000,000 new shares through a Placing Agent under a general mandate, priced at HK$0.017 per share. This represents a 5.56% discount on the closing price of the shares on the agreement date. The proceeds from this placement, estimated to be around HK$17,272,000 net, will be utilized for oil field developments in Canada and as general working capital. The completion of this placement is contingent on certain conditions, including approval from the Listing Committee of the Stock Exchange, and may not proceed if these conditions are not met.
More about EPI (Holdings) Limited
YTD Price Performance: -5.00%
Average Trading Volume: 4,158,840
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$99.57M
For a thorough assessment of 0689 stock, go to TipRanks’ Stock Analysis page.
