GBA Holdings Limited (HK:0261) has released an update.
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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.
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