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Haichang Ocean Park Holdings Ltd. ( (HK:2255) ) has shared an update.
Haichang Ocean Park Holdings Ltd. has announced a significant financial maneuver involving the subscription of new shares under a specific mandate. The company has entered into a Subscription Agreement to issue 5.1 billion new shares at HK$0.45 each, amounting to a total of HK$2.295 billion. This move will result in the Subscriber holding 38.60% of the company’s enlarged share capital. The company is also seeking a Whitewash Waiver to avoid a mandatory general offer for all shares not owned by the Subscriber. Additionally, Haichang Ocean Park proposes increasing its authorized share capital to support this subscription and future business expansion. These actions are subject to shareholder approval at an Extraordinary General Meeting.
More about Haichang Ocean Park Holdings Ltd.
Average Trading Volume: 68,460,766
Technical Sentiment Signal: Hold
Current Market Cap: HK$6.57B
For an in-depth examination of 2255 stock, go to TipRanks’ Stock Analysis page.