How should we interpret this news?
Global Strategy Group (08007.HK) has closed its offering of up to 91.72 million shares
Gelonghui Finance· 01/29 19:43
Global Strategy (08007.HK)
0.098
-3.92%
On January 29, GLONGHAI Global Strategy Group (08007.HK) issued a notice regarding the details of the allocation of 91,172,000 shares. On 2024/1/29, the company signed a termination agreement with the allocation agency, and both parties agreed that the end dates of the allotment agreement and supplementary agreement (collectively called the “relevant agreement”) are 2023/12/19 and 2024/1/9, and it is said that they will take effect immediately. Accordingly, the company and the allotment agency will cease to have all rights and obligations under this agreement after January 29, 2024.
Gelonghui Finance· 01/29 19:43
Global Strategy (08007.HK)
0.098
-3.92%
On January 29, GLONGHAI Global Strategy Group (08007.HK) issued a notice regarding the details of the allocation of 91,172,000 shares. On 2024/1/29, the company signed a termination agreement with the allocation agency, and both parties agreed that the end dates of the allotment agreement and supplementary agreement (collectively called the “relevant agreement”) are 2023/12/19 and 2024/1/9, and it is said that they will take effect immediately. Accordingly, the company and the allotment agency will cease to have all rights and obligations under this agreement after January 29, 2024.
Please let me know if anyone understands the merits and demerits based on this content.
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182344523 : It's a capital increase, right? But what kind of business will they develop for around 900 million yen in Japanese yen?
よっっち OP : Thanks for your reply.
Does being able to increase capital mean there is a possibility that stock prices will rise?
Is it OK to interpret that around 900 million yen is low in terms of business revenue?