New Focus Auto Tech Holdings (HK:0360) has released an update.
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New Focus Auto Tech Holdings Limited has announced a supplemental agreement to extend the placement of convertible bonds, with a new deadline set for 6 August 2024. The placement aims to raise up to HK$400 million, with the initial conversion price set at HK$0.145 per share, but the completion is contingent on certain conditions being met. Shareholders and potential investors are cautioned to trade carefully as the placement’s finalization is not guaranteed.
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