Qidian International Co., Ltd. (HK:1280) has released an update.
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Qidian International Co., Ltd. has announced the conditional agreement of issuing new shares to two independent third-party subscribers, amounting to approximately 20% of their existing share capital. The deal is set at HK$0.512 per share, totaling around HK$81 million in gross proceeds, intended for debt repayment, general working capital, and corporate expenses. Shareholders and potential investors are cautioned as the completion of the agreements is subject to certain conditions.
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