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GBA Holdings Limited ( (HK:0261) ) has shared an update.
GBA Holdings Limited has announced a new share placement under a general mandate, involving the issuance of up to 46,566,946 new shares at a price of HK$0.200 per share. This placement represents approximately 20% of the company’s existing issued shares and is expected to raise gross proceeds of HK$9.31 million, with net proceeds of approximately HK$8.61 million after expenses. The company plans to use these funds for general working capital and the development of new business ventures. The share placement is subject to certain conditions, and there is a warning that it may not proceed as planned, advising shareholders and potential investors to exercise caution.
More about GBA Holdings Limited
Average Trading Volume: 953,618
Technical Sentiment Signal: Sell
Current Market Cap: HK$55.51M
For an in-depth examination of 0261 stock, go to TipRanks’ Overview page.