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Link-Asia International Medtech Group Ltd. ( (HK:1143) ) has provided an announcement.
Link-Asia International Medtech Group Ltd. has announced a placing agreement to issue up to 44,856,000 new shares, representing about 20% of its current share capital, at a price of HK$0.33 per share. This move is expected to raise approximately HK$14.5 million in net proceeds, which the company plans to use for acquiring energy storage products. The shares will be placed with at least six independent third-party investors, and the transaction is subject to certain conditions being met, indicating potential implications for the company’s financial strategy and market positioning.
More about Link-Asia International Medtech Group Ltd.
Average Trading Volume: 607,546
Technical Sentiment Signal: Sell
Current Market Cap: HK$74.02M
See more insights into 1143 stock on TipRanks’ Stock Analysis page.