Sundy Service Group’s New Share Subscription and Termination

Sundy Service Group Co. Ltd (HK:9608) has released an update.

Sundy Service Group Co. Ltd has entered into a new subscription agreement to issue 768 million new shares, representing 20% of its existing capital, at a price of HK$0.0833 per share, aiming to raise HK$64 million. However, the completion of this deal is contingent upon certain conditions being met. The company also announced the termination of previous subscription agreements after further negotiations.

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