Hong Kong Aerospace Technology Group Limited (HK:1725) has released an update.
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Hong Kong Aerospace Technology Group Limited has announced new share subscriptions through agreements with two subscribers, issuing approximately 71.5 million shares at a discounted price of HK$1.23 per share. This move, representing around 14.20% of the company’s expanded share capital, aims to raise approximately HK$87.14 million in net proceeds for general working capital. The company advises shareholders and potential investors to exercise caution as the completion of these subscriptions is subject to certain conditions.
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