Guan Chao Holdings Completes Share Subscription

Guan Chao Holdings Limited (HK:1872) has released an update.

Guan Chao Holdings Limited has successfully completed the issuance of 18 million new shares, raising approximately HK$11.24 million to bolster its motor vehicle portfolio. The subscription was undertaken under a previously announced general mandate with the shares priced at HK$0.63 each. This transaction has altered the company’s shareholding structure, with the independent third-party subscriber now holding a 16.67% stake in the company.

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