Hong Kong Aerospace Technology Group Limited (HK:1725) has released an update.
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Hong Kong Aerospace Technology Group Limited has announced a subscription agreement for the issuance of new shares, amounting to approximately 8.89% of the current share capital, at a discounted price that represents a significant saving over recent closing prices. The company anticipates raising around HK$32.12 million in gross proceeds to fund general working capital for its aerospace business. Shareholders and potential investors are cautioned as the completion of the subscription is subject to certain conditions.
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