Synertone Announces New Share Issuance to Boost Finances

Synertone Communication Corporation (HK:1613) has released an update.

Synertone Communication Corporation has agreed to issue over 74 million new shares at a discounted price of HK$0.28 each, potentially raising approximately HK$20.7 million after expenses. This strategic move aims to bolster the company’s smartphone distribution business and enhance its financial standing, while expanding its shareholder base.

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