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Mark Cuban: Kamala Harris Could Champion Tech Innovation and Crypto
Champion Tech Completes Share Placement
Champion Tech (00092.HK) has completed the sale of 0.137 billion shares.
Champion Tech (00092.HK) announced on July 19th that the board of directors is pleased to announce that the distribution has been completed and 136,764,000 shares of allotted shares have been issued as of July 19th, 2024.
Global commodity inventory is in a state of emergency: inventory days of available commodities outside of China experienced the largest month-on-month decline in 31 months.
JPMorgan said that the main reason for this decline was due to the decrease in crude oil and refined product inventories. The global available days of oil and refined products in June decreased sharply by 2.5 days, the largest monthly decline in four years.
Champion Technology Holdings to Place Over 136 Million Shares
Champion Tech (00092.HK) plans to offer a 13.79% discount for the sale of 137 million shares, raising a net of HKD 21 million.
On June 28, Gelonghui announced that Champion Tech (00092.HK) signed a placement agreement with the placement agents (Jiehao Securities and Rich Securities) on June 27, 2024. According to the agreement, the placement agents have agreed to issue approximately 137 million shares at a placement price of HKD 0.175 per share to no fewer than six underwriters in accordance with the terms of the agreement and under their conditions. The placement price is about 13.79% lower than the closing price of HKD 0.203 per share of the stock on the Hong Kong Stock Exchange on June 27 (the date of the placement agreement). The placement is subject to the approval of the Hong Kong Stock Exchange.
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