Guangdong – Hong Kong Greater Bay Area Holdings Ltd. (HK:1396) has released an update.
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Guangdong – Hong Kong Greater Bay Area Holdings Ltd. has announced a Rights Issue offering one new share for every two shares held, at a price of HK$0.23 to raise about HK$62.41 million before expenses, with an estimated net of HK$61.30 million. The company also proposes an increase in authorized share capital and a change in board lot size from 2,000 to 8,000 shares, pending approval at an upcoming EGM. These moves aim to enhance the company’s ability to raise funds and accommodate future business growth.
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