GBA Holdings Limited (HK:0261) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
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.