GBA Holdings Limited (HK:0261) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
GBA Holdings Limited has announced a share placement plan to issue up to 194,016,000 new shares at a discounted price of HK$0.087 per share. This initiative aims to raise approximately HK$15.70 million in net proceeds, which will be used for general working capital and potential new business development. The placement, which represents about 20% of the company’s existing shares, is being conducted through a placing agent on a best-effort basis with independent third-party investors.
For further insights into HK:0261 stock, check out TipRanks’ Stock Analysis page.