Extrawell Pharmaceutical Announces New Share Issuance

Extrawell Pharmaceutical Holdings Limited ( (HK:0858) ) has provided an announcement.

Extrawell Pharmaceutical Holdings Limited has announced the issuance of new shares under a general mandate. The company has entered into three separate subscription agreements with different subscribers, resulting in the conditional agreement to issue a total of 160,000,000 new shares at a price of HK$0.097 per share. This move is expected to slightly dilute the existing share capital but could provide the company with additional capital for its operations. The completion of these subscriptions is contingent upon certain conditions being met, and stakeholders are advised to exercise caution.

More about Extrawell Pharmaceutical Holdings Limited

Average Trading Volume: 17,008,730

Technical Sentiment Signal: Buy

Current Market Cap: HK$291.6M

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