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Golden Power Group Holdings Ltd. ( (HK:3919) ) has shared an update.
Golden Power Group Holdings Ltd. has completed a subscription of new shares under a general mandate, resulting in the issuance of 5,400,000 new shares at HK$0.9 each. This transaction, which took place on June 5, 2025, increases the company’s share capital by approximately 16.7% and introduces a new substantial shareholder. The proceeds from this subscription, amounting to approximately HK$4.8 million, will primarily be used to repay banking facilities and support general working capital, potentially strengthening the company’s financial position and operational flexibility.
More about Golden Power Group Holdings Ltd.
Golden Power Group Holdings Ltd. is a company incorporated in the Cayman Islands, operating in the industry of manufacturing and distributing batteries and related products. The company focuses on providing energy solutions and has a market presence in Hong Kong.
Average Trading Volume: 32,241
Technical Sentiment Signal: Buy
Current Market Cap: HK$28.62M
For a thorough assessment of 3919 stock, go to TipRanks’ Stock Analysis page.