Hong Kong Aerospace Technology Group to Raise HK$64.5 Million Through New Share Subscription

Hong Kong Aerospace Technology Group Limited ( (HK:1725) ) just unveiled an announcement.

Hong Kong Aerospace Technology Group Limited has entered into a Subscription Agreement to issue 100,000,000 new shares, representing approximately 16.55% of the enlarged share capital, at a price of HK$0.65 per share. This move is expected to raise approximately HK$64.5 million in net proceeds, which will be used for general working capital, including administrative expenses related to the company’s aerospace business.

More about Hong Kong Aerospace Technology Group Limited

Average Trading Volume: 3,212,050

Technical Sentiment Signal: Sell

Current Market Cap: HK$413.3M

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