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.
For further insights into HK:1725 stock, check out TipRanks’ Stock Analysis page.