Huili Resources (Group) Limited (HK:1303) has released an update.
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Huili Resources (Group) Limited has announced a conditional agreement to issue 85,819,957 new shares, accumulating a total sum of HK$38,618,981 at HK$0.45 per share. This new issuance will represent approximately 4.3% of the current issued share capital and is set to increase the share capital by 4.1% upon completion. The company cautions shareholders and potential investors to exercise caution as the subscription is subject to certain conditions and may not proceed.
For further insights into HK:1303 stock, check out TipRanks’ Stock Analysis page.