Hong Kong Aerospace Technology Group Limited (HK:1725) has released an update.
USPACE Technology Group Limited has successfully completed the issuance of new shares under its general mandate, adding approximately 8.17% to the company’s total issued share capital and raising an estimated net proceed of HK$31.8 million. The capital raised is intended for general working capital needs and operating expenses of the Group’s aerospace business. This financial move has slightly altered the company’s shareholder structure, with public shareholders now owning an additional 8.17% of the company.
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