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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
For detailed information about 1725 stock, go to TipRanks’ Stock Analysis page.