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Innovative Pharmaceutical Biotech’s Share Placing Agreement Lapses

Story Highlights
  • Innovative Pharmaceutical Biotech operates in the pharmaceutical and biotechnology industry.
  • The company’s share placing agreement lapsed without impacting its operations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Innovative Pharmaceutical Biotech’s Share Placing Agreement Lapses

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Innovative Pharmaceutical Biotech ( (HK:0399) ) just unveiled an announcement.

Innovative Pharmaceutical Biotech Limited announced the lapse of its placing agreement with CNI Securities Group for 145 million new shares due to unmet conditions by the deadline. The company assured stakeholders that this development will not adversely affect its current operations or financial standing.

More about Innovative Pharmaceutical Biotech

Innovative Pharmaceutical Biotech Limited is a company incorporated in the Cayman Islands and continued in Bermuda, operating in the pharmaceutical and biotechnology industry. It focuses on developing innovative medical solutions and has a presence in the Hong Kong stock market under the stock code 399.

Average Trading Volume: 23,258,033

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.11B

See more data about 0399 stock on TipRanks’ Stock Analysis page.

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